Ask Question
6 January, 17:14

1) are short-term funds transferred between financial institutions, usually for a period of one day

2) actually have nothing to do with the federal government

3) provide banks with an immediate infusion of reserves

+5
Answers (1)
  1. 6 January, 19:06
    0
    Federal funds

    Explanation:

    The 3 characteristics in the question are the characteristics of federal funds.

    Federal funds are funds that bank and entities exchange between each other to maintain bank reserves at the federal reseeve as well as to meet daily transactions. It can be called an overnight borrowing because the funding can only be borrowed for one day and must be returned within such albeit with some rate. The current rate is 10percent.

    Cheers.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “1) are short-term funds transferred between financial institutions, usually for a period of one day 2) actually have nothing to do with the ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers