The interest rate that banks charge one another for the loan of excess reserves is the

Question

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The federal funds rate is the interest rate that banks charge one another for the loan of excess reserves. The prime interest rate is the rate that banks charge their most creditworthy customers. The discount rate is the interest rate that the Federal Reserve charges banks for loans from the Fed. Interest on reserves is the interest that the Fed pays banks on the reserves they hold at the Fed.

The Interest Rate That Banks Charge One Another for the Loan