Mathematics, 20.07.2020 05:01, tasphipps

Which of the following statements is true as it relates to banks and the federal funds market?
a.) The federal funds rate is charged on an annual basis.
b.) The FOMC uses taxation to control our money supply.
c.) Banks with less than the reserve requirement need overnight loans to
meet their obligations.
d.) The federal funds market developed as banks lost customers.

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Which of the following statements is true as it relates to banks and the federal funds market?