question archive 1)Define the Federal Funds Rate

1)Define the Federal Funds Rate

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1)Define the Federal Funds Rate. What is the current Federal Funds Rate?

2)Define the Federal Reserve Discount Rate. What is the current Federal Reserve Discount Rate?

3)Does the Fed have control over the federal funds rate and over bank reserves? If so, can the Fed control both simultaneously?

4)Reflection - how could this apply in the workplace or in everyday life.

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