On any given day, banks with insufficient reserves can borrow from banks with excess reserves. The interest rate that governs these transactions is known as?     Interbank Lending Rate     US treasury rate     Federal Funds Rate     Federal bank credit overnight rate

Macroeconomics
13th Edition
ISBN:9781337617390
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter12: Money, Banking And The Financial System
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On any given day, banks with insufficient reserves can borrow from banks with excess reserves. The interest rate that governs these transactions is known as?

   

Interbank Lending Rate

   

US treasury rate

   

Federal Funds Rate

   

Federal bank credit overnight rate

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