In June 2017,the Federal Open Market Committee Raised the Target

Multiple Choice

In June 2017,the Federal Open Market Committee raised the target for the federal funds rate to a range of 1.00 to 1.25 percent.To keep the federal funds rate in this target band,the Fed set the interest rate it pays on reverse repurchase agreements to

A) 1.00 percent.
B) 1.125 percent,the mid-point of the target range.
C) 1.25 percent.
D) 2.25 percent.