jordanhill9298
Answered

Welcome to Westonci.ca, your one-stop destination for finding answers to all your questions. Join our expert community now! Discover comprehensive solutions to your questions from a wide network of experts on our user-friendly platform. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.

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. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Stay curious and keep coming back to Westonci.ca for answers to all your burning questions.