the rate is the interest rate banks charge each other for borrowing or storing money.\nfederal reserve…
the rate is the interest rate banks charge each other for borrowing or storing money.\nfederal reserve interest\nfederal funds\nloan interest
Answer
Brief Explanations:
The federal funds rate is the interest rate at which depository - institutions (banks and credit unions) lend reserve balances to other depository institutions overnight. It's the rate banks charge each other for borrowing or storing money. Federal Reserve interest is related to the Fed's actions on its own accounts, and loan interest is a broader term for interest on loans from banks to customers.
Answer:
federal funds