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The short-term rate at which banks lend to each other is called the______________ . This is also the rate that the Fed sets a target

The short-term rate at which banks lend to each other is called the______________ . This is also the rate that the Fed sets a target range for during the FOMC meetings.

A. Federal Funds Rate

B. Call money rate

C. Federal Reserve rate

D. Discount Rate

E. Federal Loan rate

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