Mathematics, 30.01.2020 09:59 Queenvalentin

Why is the federal funds rate so influential on other interest rates?
a. the federal funds rate determines how much consumers can borrow per year. b. the federal funds rate determines how many loans per year a bank can issue. c. the federal funds rate is only important to heavy investors.
d. the federal funds rate determines at what interest rate banks borrow money.

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Why is the federal funds rate so influential on other interest rates?
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