Interest rates and Federal Fund rate

timer Asked: Jun 14th, 2014
account_balance_wallet $5

Question Description

How does the interest rate and inflation influence the amount of money we choose to hold?Who is the current chair of the Federal Reserve System? What is the current Federal Funds Rate? Can you explain the purpose of the Federal Funds Rate? ORIG ONLY!

Tutor Answer

School: UCLA

I.inflation drives intersest rates which is influencing the demand for money, thus, we chose to hold.

II. Janet L. Yellen, Chair

III. 0.25%

IV. federal funds rate or overnight rate between bank to bank transfers

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Good stuff. Would use again.

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