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QUESTION
In an effort to address the troubled economy, .quot;For the ninth time in just over a year, the Federal Reserve is expected to cut interest rates,...
- In an effort to address the troubled economy, ..."For the ninth time in just over a year, the Federal Reserve is expected to cut interest rates, quite possibly its last reduction in this downturn." Rates have not been this low "... since 2003, when the economy was growing at a snail's pace."
- www.csmonitor.com, 10/28/2008
- The "interest rates" the Fed is cutting is the ________.
- Federal Funds rate
- real long-term interest rate
- reserve interest rate
- nominal long-term interest rate
