Usually, the Federal Reserve changes its target for the federal funds rate in units of
A. 1/4 of 1 percentage point.
B. 1 percentage point.
C. 2 percentage points.
D. 5 percentage points.
Answer:A
Usually, the Federal Reserve changes its target for the federal funds rate in units of
A. 1/4 of 1 percentage point. B. 1 percentage point. C. 2 percentage points. D. 5 percentage points.