The rate of interest on short-term loans among financial institutions is _____. bankers' acceptances brokers' calls federal funds libor

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W0lf93
This is the federal funds rate. These loans are very-short term, mostly on an overnight basis. These are the reserve funds that banks keep on their books as a requirement of the Federal Reserve. The excess funds held by some institutions are then loaned out to institutions that cannot meet their reserve requirements for that business day.

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