The Fed funds rate is the rate that
A. banks charge for loans to corporate customers.
B. banks charge each other on loans of excess reserves.
C. banks charge to lend foreign exchange to customers.
D. banks charge securities dealers to finance their inventory.
E. the Federal Reserve charges on emergency loans to commercial banks.
Answer: B
You might also like to view...
Walgreens Drugstores buys a bottle of shampoo from a wholesaler for $3.25 and then places it on a shelf with a price tag of $4.64. What is Walgreens' markup on selling price (expressed as a percentage)?
A. 30 percent B. 48 percent C. 20 percent D. 43 percent E. 26 percent
Which of the following statements is NOT a guideline for formatting tables?
a. Center headings and data in the cells. b. Use a small (size 10), sans serif font, like Calibri. c. Use Merge to create a top row for the number and title. d. Change column width to fit contents of the longest row.
When evaluating a project risk, the project team should consider all of the following except?
a. Likelihood of risk occurrence b. How the marketing team will promote the project c. Severity of impact on the project d. Controllability of the risk
A production cost report cannot be used for the pricing of products because it depicts only the ways to control product costs
Indicate whether the statement is true or false