The federal funds rate can never be above the discount rate. Is this statement true, false, or

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"The federal funds rate can never be above the discount rate." Is this statement true, false, or uncertain? Explain your answer.

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The Economics of Money Banking and Financial Markets

ISBN: 978-0133836790

11th edition

Authors: Frederic S. Mishkin

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Question Posted: Nov 03, 2017 04:02 AM

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The federal funds rate can never be above the discount rate. Is this statement true, false, or

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Uncertain In theory the market for reserves model indicates that once the fed funds rate rea...View the full answer

The Economics of Money Banking and Financial Markets

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