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The Chairman of the Federal Reserve recently announced the Federal Reserve would be raising the key rate. Rent-A-Car has $1 million in a savings account.
The Chairman of the Federal Reserve recently announced the Federal Reserve would be raising the "key rate". Rent-A-Car has $1 million in a savings account. They are considering using the funds to reinvest in its fleet of luxury cars and retail outlets. How would you advise Rent-A-Car to use the funds given the impending monetary policy change?
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