Question
Rate at which banks lend to each other?
Interesting Question? 
(5) 
(5)
(5) (5)
Answers (1)
20th Nov 2009 by Daniel Cross, ChFC
The rate at which banks lend to each other is called the Federal Funds Rate. This rate is determined by the Federal Reserve's Federal Open Market Committee and is currently set to 0% - .25%. While the common perception is that the rate is exact, it is actually a targeted range that the Reserve calculates will occur through various open market operations.
The rate at which banks lend to each other is called the Federal Funds Rate. This rate is determined by the Federal Reserve's Federal Open Market Committee and is currently set to 0% - .25%. While the common perception is that the rate is exact, it is actually a targeted range that the Reserve calculates will occur through various open market operations.
Like This Answer? (0) (0)
This answer is the subjective opinion of the writer and not of FinancialAdvisory.com
(0) (0)
25th Oct 2009 In Banking
1 Answers | 84 Views
Subjects: banks lend to each other,
libor,