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Sunray Shower Posted 18 years ago
Vocabulary

A key interest rate

The Federal Reserve says strains in financial markets have "increased significantly" but it kept a key interest rate unchanged.


What's a key interest rate?

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Top answer

There are many different rates of interest at which banks loan money to each other or to the general population. Some of those interest rates are more common, or more cental to how business is conducted. S.

— BarbaraPA

  • There are many different rates of interest at which banks loan money to each other or to the general population.
  • Some of those interest rates are more common, or more cental to how business is conducted.
  • S.
  • Federal Reserve) controls one of those key rates.
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1 Answers
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There are many different rates of interest at which banks loan money to each other or to the general population. Some of those interest rates are more common, or more cental to how business is conducted. Those are "key interest rates" - with "key" meaning "important." The Fed (the U.S. Federal Reserve) controls one of those key rates.
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