Which of the Following Interest Rates Is Directly Controlled by the Federal

question 53

Multiple Choice

Which of the following interest rates is directly controlled by the Federal Reserve?

• A)the fed funds rate
• B)the discount rate
• C)the prime rate
• D)mortgage rates
• E)credit card rates

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Definitions:

Michigan Basin

A geological basin in the United States characterized by layers of sedimentary rock, indicative of its history as an ancient sea bed.

Continental Rifting

The process by which a continent stretches and splits along a linear belt, leading to the formation of new oceanic crust.

Subsiding

The process of sinking or downward settling of the Earth's surface, often due to natural geological processes or human activity.

Accretionary Prism

A geological structure formed by the accumulation of sediments scraped off a subducting tectonic plate at a convergent boundary.