The interest rate charged by banks with excess reserves at a Federal Reserve Bank to banks needing overnight loans to meet reserve requirements is?

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The interest rate that banks charge each other for unsecured loans is known as:
Posted by:
Shahbaz Hayder
28-May-2015

A. prime rate.

B. discount rate.

C. federal funds rate.

D. call money rate.

E. money market rate.

Investments Financial Accounting Economics Fixed Income Finance

Question added by Sultan Alghamdi
Date Posted: 2016/02/20

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2 Answers

by Deleted user

It is the Federal Funds Rate.

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by Ahmed Alkhateb , Independent Accounting , Self employed

The federal funds are required for the bank to meet reserve requirements.

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