federal funds rate

federal-funds rate. The interest rate at which banks lend to each other overnight. • The loans are usu. made by banks with excess reserves to those with temporarily insufficient reserves. — Also termed fed-funds rate. — Often shortened to fed funds.

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词条贡献者

译者Frank，毕业于英国一流的高级翻译学院，擅长翻译涉及交通物流领域的法律文件。