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You are given that the current Federal Funds Rate is 5.5%. Which of the following implications would result? O The prime rate becomes 8.5% The

You are given that the current Federal Funds Rate is 5.5%. Which of the following implications would result?

O The prime rate becomes 8.5%

The discount rate becomes 7.5%

O Inflation rate becomes 6.5%

O The mortgage rate becomes 7%

O LIBOR becomes 8%

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