The Federal Funds Rate Is

question 33

Multiple Choice

The federal funds rate is

• A) determined in a market but targeted by the Fed.
• B) chosen by the Fed and enforced on the banks.
• C) chosen by Congress and enforced on the Fed.
• D) chosen by Congress and enforced on the banks.
• E) determined in the market and beyond the control of the Fed.

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Definitions:

Elaine, Arkansas

A town in the United States known for the Elaine Massacre of 1919, where racial tensions led to a violent conflict and the deaths of many African Americans.

Deputy Sheriff

An officer of the law who serves in the capacity of assisting or acting in place of the sheriff, often involved in law enforcement duties within a county.

African Americans

A term referring to citizens or residents of the United States who have ancestry from the black racial groups of Africa.

North

Generally refers to the northern part of a country or specific region, often associated with specific demographic, economic, or cultural characteristics distinct from the southern part.