The effective Fed funds rate is:
A) the rate charged by the largest bank.
B) the daily average rate charged by banks.
C) the lowest rate charged by any bank.
D) the highest rate charged by any bank.
Answer: B)
A) the rate charged by the largest bank.
B) the daily average rate charged by banks.
C) the lowest rate charged by any bank.
D) the highest rate charged by any bank.
Answer: B)