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Which statement below about Federal funds is not correct? O The overnight interest rate for borrowing fed funds is the federal funds rate. They are

Which statement below about Federal funds is not correct? O The overnight interest rate for borrowing fed funds is the federal funds rate. They are short-term unsecured loans. Federal funds are funds from federal government to financial institutions. The institution that borrows fed funds incurs a liability on its balance sheet "federal funds purchased".
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Which statement below about Federal funds is not correct? The overnight interest rate for borrowing fed funds is the federal funds rate. They are short-ferm unsecured loans. Federal funds are funds from federal government to financial institutions. The institution that borrows fed funds incurs a liability on its balance sheet "federal funds purchased

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