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what is the difference between the prime interest rate and the federal funds rate?

what is the difference between the prime interest rate and the federal funds rate?

Top Answer

The difference is that the fund rate is that which one bank charges from another... View the full answer

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The solution is... View the full answer

Federal funds rate is the rate at which one bank lends money to other banks to meet reserve... View the full answer

Prime interest rate refers to the rates banks charges on loans given to their most... View the full answer

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