I’m studying and need help with a Economics question to help me learn.
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!
Student has agreed that all tutoring, explanations, and answers provided by the tutor will be used to help in the learning process and in accordance with Studypool's honor code & terms of service.
I.inflation drives intersest rates which is influencing the demand for money, thus, we chose to hold.
II. Janet L. Yellen, Chair
IV. federal funds rate or overnight rate between bank to bank transfers