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orangebee820Lv1
28 Sep 2019
The Federal Reserve took money out of the banking system to raise the federal funds rate-the rate at which banks lend each other money overnight-from 4 percent to 4.5 percent.
a. How does the Fed take money out of the banking system?
b. Explain how doing so would raise the federal funds rate.
(Make sure you explain your responses.)
The Federal Reserve took money out of the banking system to raise the federal funds rate-the rate at which banks lend each other money overnight-from 4 percent to 4.5 percent.
a. How does the Fed take money out of the banking system?
b. Explain how doing so would raise the federal funds rate.
(Make sure you explain your responses.)
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answer
0
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Divya SinghLv10
28 Sep 2019