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Economics: The Basics 1st Edition by Mike Mandel
Edition 1ISBN: 978-0071316026Economics: The Basics 1st Edition by Mike Mandel
Edition 1ISBN: 978-0071316026 Exercise 7
The Fed raises or lowers the fed funds rate by a vote of the Federal Open Market Committee. Go to the Federal Reserve site at http://www.federalreserve.gov/fomc/fundsrate.htm
a) What is the current level of the fed funds rate?
b) When was the last time the fed funds rate changed?
c) What was the fed funds rate at the end of 2007?
a) What is the current level of the fed funds rate?
b) When was the last time the fed funds rate changed?
c) What was the fed funds rate at the end of 2007?
Explanation
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Verified
a)Current level of fund came into effect...
Economics: The Basics 1st Edition by Mike Mandel
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