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    Federal Funds Rate and the FOMC

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    Could someone help with the following true/false questions and explain the answer? Your help is greatly appreciated:)

    Q. The Federal Funds rate is the interest rate banks charge each other.

    Q. The primary purpose of the FOMC is to enforce bank regulations.

    © BrainMass Inc. brainmass.com October 9, 2019, 8:40 pm ad1c9bdddf
    https://brainmass.com/economics/banking/federal-funds-rate-fomc-159019

    Solution Preview

    The Federal Funds rate is the interest rate banks charge each other- T- This is the rate banks charge each other when they lend money to each other. The money they lend is received ...

    Solution Summary

    The solution discusses federal funds rate and the FOMC.

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