Distinguish between the Federal funds rate and the prime interest rate. Why is one higher than the

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Distinguish between the Federal funds rate and the prime interest rate. Why is one higher than the other? Why do changes in the two rates closely track one another?

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Economics

ISBN: 978-0073375694

18th edition

Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn

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Question Posted: May 23, 2013 07:56 AM

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Distinguish between the Federal funds rate and the prime interest rate. Why is one higher than the

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The Federal funds interest rate is the interest rate banks charge one another on overnig...View the full answer

Economics

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