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If the Fed has decided to change the federal funds rate target, the main interest...

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Question

Finance

If the Fed has decided to change the federal funds rate target, the main interest rate they use to guide the federal funds rate to the new target is:

Question options:

a)

the effective fed funds rate

b)

the discount rate

c)

the interest rate on excess reserves

d)

the repo rate

Answer & Explanation Solved by verified expert
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