What are federal funds? How are they recorded on the balance sheets of commercial banks?

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Financial Markets and Institutions

ISBN: 978-0077861667

6th edition

Authors: Anthony Saunders, Marcia Cornett

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Question Posted: Jan 27, 2015 08:33 AM

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What are federal funds? How are they recorded on the balance sheets of commercial banks?

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Federal funds are not formal securities Rather fed funds are shor...View the full answer

Financial Markets and Institutions

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