Question

Give the term for interest rate on money borrowed by the banks from each other. Does it remain fixed?​

Answer 1

Explanation:

=>The rate at which banks lend to each other overnight is called the federal funds rate (or fed funds rate for short), and is set by the supply and demand in the market for such short-term reserves loans.

Answer 2

The rate at which banks lend to each other overnight is called the federal funds rate (or fed funds rate for short), and is set by the supply and demand in the market for such short-term reserves loans.✌️✌️✌️