When the Fed announced it did not except to raise its benchmark interest rate un

Question

When the Fed announced it did not except to raise its benchmark interest rate until 2015 it was referring to the A. Prime rate B. Federal funds rate C. Required reserve rate D. Long-term real rate of interest When the Fed announced it did not except to raise its benchmark interest rate until 2015 it was referring to the A. Prime rate B. Federal funds rate C. Required reserve rate D. Long-term real rate of interest A. Prime rate B. Federal funds rate C. Required reserve rate D. Long-term real rate of interest

Explanation / Answer

B. Federal funds rate because it is the key policy rate set by the bank at which depository institutions lends money ( which is generally maintained with federal reserve) to other depository institutions or each other overnight to meet their short term needs.

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