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What is true about the Federal Funds rate I. It's an interest rate mandated by the US Federal Reserve II. It's the rate banks charge

What is true about the Federal Funds rate I. It's an interest rate mandated by the US Federal Reserve II. It's the rate banks charge each other in the Federal funds market for short-term loans III. It's an interest rate not mandated by the Federal reserve but for which it sets a target range IV. Is currently just under 2% p.a.

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