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19 April, 04:41

The rate of return being offered by banks on money market accounts is 3% and increasing. Which of the following might cause this to happen?

A) The federal funds rate has been held constant

B) The Federal Reserve lowered the federal funds rate

C) The Federal Reserve raised the federal funds rate

D) The rate of return on savings accounts is decreasing

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Answers (1)
  1. 19 April, 04:46
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    I believe the answer is C)
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