The fed funds market is a market:            

	a.	that is not affected by the Fed’s open market operations.
	b.	in which a bank may borrow excess reserves overnight from another bank in order to cover a required reserve shortfall.
	c.	in which the Fed’s discount rate of interest is determined.
	d.	in which the U.S. Treasury sells U.S. government bonds.

1.  

 

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