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Which of the following regarding the federal funds market is NOT true? The federal funds market developed to help banks O meet their reserves requirements

Which of the following regarding the federal funds market is NOT true? The federal funds market developed to help banks O meet their reserves requirements at the end of the day. The Fed directly controls the federal funds rate. O FOMC meetings set a target for the federal funds rate. Transactions influence the amount of money that banks have on hand to meet the reserve requirement at the end of the day

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