""The average daily rate charged by member banks for overnight loans of reserves" best describes the:"

Question

asked Sep 12, 2021 48.9k views

1 Answer

Alexandru Stroescu · Answer 1 · 2021-09-16T07:07:09+0000

Answer:

Federal funds rate

Step-by-step explanation:

Federal funds rate is the interest rate at which commercial banks borrow and lend their excess reserves to each other overnight.