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The interest rate the Federal Reserve pays on Excess Reserves at the Fed is usually set A. Higher than the Fed Fund rate. B. Exactly

The interest rate the Federal Reserve pays on Excess Reserves at the Fed is usually set

A. Higher than the Fed Fund rate. B. Exactly equal to the Fed Fund rate. C. Lower than the Fed Fund rate. D. Completely independent of the Fed Fund rate. E. Set to zero with current legislation.

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