Difference between revisions of "Federal funds rate"
(Created page with "Federal funds rate is the interest rate at which one bank lends funds to another bank overnight. ==Definition== According to Principles of Economics by Timothy Taylor (...") |
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According to [[Principles of Economics by Timothy Taylor (3rd edition)]], | According to [[Principles of Economics by Timothy Taylor (3rd edition)]], | ||
:[[Federal funds rate]]. The interest rate at which one bank lends funds to another bank overnight. | :[[Federal funds rate]]. The interest rate at which one bank lends funds to another bank overnight. | ||
| + | According to [[Macroeconomics by Mankiw (7th edition)]], | ||
| + | :[[Federal funds rate]]. The overnight interest rate at which banks lend to one another. | ||
[[Category: Economics]][[Category: Articles]] | [[Category: Economics]][[Category: Articles]] | ||
Latest revision as of 15:01, 2 July 2020
Federal funds rate is the interest rate at which one bank lends funds to another bank overnight.
Definition
According to Principles of Economics by Timothy Taylor (3rd edition),
- Federal funds rate. The interest rate at which one bank lends funds to another bank overnight.
According to Macroeconomics by Mankiw (7th edition),
- Federal funds rate. The overnight interest rate at which banks lend to one another.
