Banks can lend their excess reserves to other banks in the

Name: Banks can lend their excess reserves to other banks in the
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The federal funds market is where banks can lend their excess reserves to other banks overnight. It is a market where banks borrow and lend money to each other in order to meet the reserve requirements set by the Federal Reserve. This market helps to maintain the target fed funds rate, which is the interest rate at which banks lend to each other on an overnight basis.

Banks Can Lend Their Excess Reserves to Other Banks in the