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The fed funds rate is: A. the interest rate that banks charge their best customers for loans B. an intermediate term interest rate; it is
The fed funds rate is:
A. the interest rate that banks charge their best customers for loans
B. an intermediate term interest rate; it is the rate that the Federal Reserve sets for the mortgage market
C. a very-short term interest rate; it is an overnight borrowing rate between banks
D. a long-term interest rate; it is the rate set by the Federal Reserve for loans to banks
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