jordanhill9298
Answered

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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


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