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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译员Terence,毕业于国内顶尖法学院,擅长翻译有关能源和自然资源领域的法律文件。
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