Question: 27. The _______ rate is the interbank borrowing rate a. discount b. fed funds c. prime rate d. none of the above 28. The Feds

27. The _______ rate is the interbank borrowing rate a. discount b. fed funds c. prime rate d. none of the above

28. The Feds dual mandate is to I. keep long-term interest rates low II. promote maximum employment III. stabilize prices a. I and II only b. I and III only c. II and III only d. I, II and III

30. During the Depression, ___________ US banks failed. a. 100 b. 1,000 c. 10,000 d. 100,000

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