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Question 4 3 pts The Federal Funds Rate refers to: 1. The interest rate Federal...

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Question 4 3 pts The Federal Funds Rate refers to: 1. The interest rate Federal Reserve Banks charge when they make collateralized loans-usually overnight - to banks and other depository institutions. II. The main interest rate the US Fed uses for monetary policy and over which it has perfect control. III. The interest rate banks and other depository institutions charge each other to lend - usually overnight - excess reserves held at the Federal Reserve. O Ill only Il only O l only Both I and 11 O Both II and

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