The lending facility at the Federal Reserve sets a ________ on the short-term overnight interest rates.
A) ceiling
B) floor
C) target
D) ceiling and floor

Name: The lending facility at the Federal Reserve sets a ________ on the short-term overnight interest rates. A) ceiling B) floor C) target D) ceiling and floor
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The lending facility at the Federal Reserve sets a ceiling on the short-term overnight interest rates, as it is the highest rate at which banks can borrow from the Fed.

The Lending Facility at the Federal Reserve Sets a ________