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The federal funds are
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Asked 1/22/2014 2:58:55 PM
Updated 1/22/2014 3:26:17 PM
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Flagged by yeswey [1/22/2014 3:24:24 PM]
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User: The federal funds are

Weegy: The Federal funds rate is the interest rate at which a depository institution lends immediately available funds (balances at the Federal Reserve) to another depository institution overnight.
andrewpallarca|Points 29920|

Question
Asked 1/22/2014 2:58:55 PM
Updated 1/22/2014 3:26:17 PM
1 Answer/Comment
This conversation has been flagged as incorrect.
Flagged by yeswey [1/22/2014 3:24:24 PM]
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The federal funds are the loans that banks make to each other to meet the reserve requirement set by the Federal Reserve. 
Added 1/22/2014 3:26:17 PM
This answer has been confirmed as correct and helpful.
Confirmed by yumdrea [1/22/2014 3:28:24 PM], Rated good by andrewpallarca
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