The interest rates used in Federal Reserve policymaking have been the Federal Funds rate (FFR) and the

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The interest rates used in Federal Reserve policymaking have been the Federal Funds rate (FFR) and the Interest Rate on Excess Reserves (IOER).

FFR and IOER, 2001-2021

a. The FFR is the interest rate for inter-bank lending, used by banks to meet their required reserve levels at the Fed.

b. The IOER rate is freely determined by markets rather than being set by the Fed as what it will pay in interest for reserves held at the Fed.

c. The IOER always equals the Federal Funds rate.

d. All of the above.

Related Book For answer-question

Elementary Statistics A step by step approach

ISBN: 978-0073386102

8th edition

Authors: Allan Bluman

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Posted Date: Nov 22, 2022 05:56 AM

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The interest rates used in Federal Reserve policymaking have been the Federal Funds rate (FFR) and the

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d All of the above Explanation The Federal Funds Rate FFR and Interest on Excess Reserves IOER ... View the full answer

Elementary Statistics A step by step approach

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