SIE - Securities Industry Essentials Exam
The FED just cut rates by 25 basis points at its quarterly meeting. Which interest rate do they adjust?
The prime rate that is used for lendingA
The overnight lending rate between banksC
The 10 year note yieldD
The Federal Reserve Board adjusts the Federal Funds rate; which is the overnight lending rate that member banks charge each other for overnight funds. LIBOR is the London Interbank Offering Rate. The prime rate is always higher than the Fed Funds rate.
Part of the questions for each course
- 20 of 150
- Series 6
- 30 of 500
- Series 7
- 50 of 625