Pkassicgivebm Pkassicgivebm

07-12-2016
Business

Answered

If the Federal Reserve lowers the federal funds rate, what will happen to bank savings accounts?

AThe interest rate offered would decrease
BThe interest rate offered would increase
CThe interest rate will automatically be set to zero
DThe interest rate will remain the same

Verified Answer :

johnkellock johnkellock

10-12-2016

AThe interest rate offered would decrease. The Federal Reserve sets the rates to help prevent inflation, deflation etc

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