jordanhill9298
Answered

Find the best solutions to your questions at Westonci.ca, the premier Q&A platform with a community of knowledgeable experts. Connect with a community of experts ready to help you find solutions to your questions quickly and accurately. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

The FOMC determines the target range for which important interest rate?

A. Mortgage rate
B. Student loan rate
C. Federal funds rate
D. Prime rate

Sagot :

GinnyAnswer

Final answer:

The FOMC determines the target range for the federal funds rate, impacting the economy significantly.


Explanation:

The Federal Open Market Committee (FOMC) determines the target range for the federal funds rate. This rate is important as it influences various aspects of the economy, including borrowing costs, investment decisions, and overall economic growth.


Learn more about Federal Reserve Interest Rate Setting here:

https://brainly.com/question/14086925


Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.