Question: please answer this instead and it is true or false 2) The term, Federal Funds or Fed Funds, refers to excess reserves of members of

please answer this instead and it is true or false The term, "Federal Funds" or Fed Funds, refers to excess reserves of

2) The term, "Federal Funds" or Fed Funds, refers to excess reserves of members of Federal Reserve System that can be loaned or "sold" to members that need reserves, who borrow or "buy Fed Funds 4) Commercial paper is exempt from SEC registration if the proceeds are used to finance long-term needs and the paper matures in over 10 years

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