The federal funds rate is the interest rate on _, and it is controlled by the _.

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The federal funds rate is the interest rate on _____, and it is controlled by the _____.

asked Nov 10, 2018 186k views

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Michael Mullany · Answer 1 · 2018-11-13T21:18:24+0000

The federal funds rate is the interest rate at which private depository institutions (mostly banks) lend balances (federal funds) at the Federal Reserve to other depository institutions. reserves that banks lend to each other; Federal Open Market Committee

The federal funds rate is the interest rate on _, and it is controlled by the _.

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