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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 43
Circle the letter that corresponds to the best answer. Which statement is the most accurate?
A) The federal funds rate and the discount rate rise and fall together.
B) The prime rate of interest is usually about half a percentage point below the federal funds rate.
C) The federal funds rate did not change at all during the late 1990s.
D) The Federal Reserve has little influence on interest rates.
A) The federal funds rate and the discount rate rise and fall together.
B) The prime rate of interest is usually about half a percentage point below the federal funds rate.
C) The federal funds rate did not change at all during the late 1990s.
D) The Federal Reserve has little influence on interest rates.
Explanation
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Federal funds rate refers to the interes...
Macroeconomics 11th Edition by Stephen Slavin
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