Which of the following statements is correct? A. The Federal funds rate is the rate banks charge their most creditworthy customers. B. The prime rate involves longer, more risky loans than the Federal funds rate. C. The discount rate is the rate banks charge one another on overnight loans. D. The Federal funds rate is derived based on the prime rate.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which of the following statements is correct? A. The Federal funds rate is the rate banks charge their most creditworthy customers. B. 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
You Might be Interested in
The simple objective of financial planning is to make the best use of your resources to achieve your financial goals. a. True b. False
Answers (1)
The following information is available for Sweden Company for its most recent year: Net sales $1,800,000 Freight-in 45,000 Purchase discounts 25,000 Ending inventory 120,000 The gross margin is 40% of net sales.
Answers (1)
Nolte Co. has 4,800,000 shares of common stock outstanding on December 31, 2012. An additional 200,000 shares are issued on April 1, 2013, and 480,000 more on September 1. On October 1, Nolte issued $6,000,000 of 9% convertible bonds.
Answers (1)
Elasticity is a. a measure of how much buyers and sellers respond to changes in market conditions. b. the study of how the allocation of resources affects economic well-being. c. the maximum amount that a buyer will pay for a good.
Answers (1)
Are all prices in the economy equally inflexible? which ones show large amounts of short-run flexibility? which ones show a great deal of inflexibility even over months an
Answers (1)
New Questions in Business
Even Better Products has come out with a new and improved product. As a result, the firm projects an ROE of 20%, and it will maintain a plowback ratio of 0.30. Its projected earnings are $2 per share.
Answers (1)
Writing an effective résumé requires the author to select their wording very carefully.
Answers (1)
A "three against nine" FRA has an agreement rate of 4.75 percent. You believe six-month LIBOR in three months will be 5.125 percent. You decide to take a speculative position in a FRA with a $1,000,000 notional value.
Answers (1)
Software that organizes, manages, and processes business data, such as data concerned with inventory, customers, and vendors, is called:
Answers (1)
You plan to invest $6,500 for three years at 4 percent simple interest. what will your investment be worth at the end of the three years?
Answers (1)