Up-to-date interest rates are available from the Federal Reserve at http://www.federalreserve.gov/ releases. Locate the current rate on the following securities:
a. Prime rate
b. Federal funds
c. Commercial paper (financial)
d. Certificates of deposit
e. Discount rate
f. One-month Eurodollar deposits Compare the rates for items a-c to those reported in Table 11.1. Have short-term rates generally increased or decreased?

Table 11.1

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Instrument Prime rate Federal funds Commercial paper London interbank offer rate Eurodollar Treasury bills (4 week) Interest Rate (%) 3.50 0.37 0.55 0.44 0.48 0.24