The interest rate that banks charge other banks for borrowing excess reserves is the:

Name: The interest rate that banks charge other banks for borrowing excess reserves is the:
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The federal funds rate is the interest rate at which depository institutions trade federal funds (balances held at Federal Reserve Banks) with each other overnight. This rate is significant in the U.S. banking system and influences all other rates in the market.

The Interest Rate That Banks Charge Other Banks for Borrowing