The Prime Interest Rate

question 30

Multiple Choice

The prime interest rate

• A)affects investment spending, while the federal funds rate affects consumption spending.
• B)affects consumption spending, while the federal funds rate affects investment spending.
• C)has no effect on exchange rates and net exports.
• D)affects investment spending, while the federal funds rate affects overnight borrowing of bank reserves.

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Definitions:

Church

An institution dedicated to religious worship and activities, often representing a community or building where such practices are carried out.

Civil Rights Movement

A historical social and political movement in the United States aimed at ending racial discrimination and securing legal rights for African American citizens.

White Terrorism

Acts of terrorism committed by individuals or groups that believe in white supremacy or prioritize white interests over those of other racial or ethnic groups.

Emmett Till

A 14-year-old African American boy whose brutal murder in Mississippi in 1955 became a catalyst for the Civil Rights Movement.