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Federal Funds Rate:
It is the rate at which any depository institution provided the reserve loans to some other depository institution without any collateral.
Marginal Lending Facility Rate: It is the rate below which any bank is not allowed to lend. It is a kind of benchmark which is set by the central bank for the bank rate reference.
Fixed exchange rate: this is an exchange rate system under which there is an intervention by the government to control the fluctuation and this is known as fixed exchange rate.
Nominal exchange rate: the rate at which currencies are exchanged in the exchange market is known as the nominal exchange rate.
Flexible exchange rate: this is an exchange rate system under which there is no intervention by the government, rather the rate is determined by the demand and supply phenomenon.
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Chapter 18 Solutions
MACROECONOMICS(LL)W/SAPLING
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