What is the difference between the Federal Funds Rate and the Discount Rate? How is the discount rate different from the federal funds rate? Based on the current state of the U.S. economy, what should the Federal Reserve do with the federal funds rate? Justify your answer. Des...
These tools are used to monitor the economic activity in the country, while also regulating the amount of money in circulation. Answer and Explanation: a) What is meant by the federal funds rate? Federal Funds Rate is defined as the ...
What is the Federal Supplemental Tax Rate? Key Takeaways Supplemental wages are extra money paid outside of your regular salary, such as commissions, bonuses, severance payments, prizes, awards, and certain reimbursements. Unless an "Accountable Plan" for employee reimbursements is in place,...
It’s usually expressed as a range. For example, the current federal funds rate is 5.25% to 5.50%. So let’s say Acme Bank lends you money at 5 percentage points over the rate it gets. If you take out a loan in March, when other banks charge Acme 3% interest, Acme charges you ...
The current target range for the federal funds rate is 5.25-5.5%, the highest since 2001. The Fed’s key interest rate has soared as high as 19-20 percent in the 1980s, when then-Fed Chair Paul Volcker was determined to defeat the worst inflation crisis in U.S. history. Meanwhile, ...
Can't claim the full Child Tax Credit? Find out if you qualify for the refundable Additional Child Tax Credit, which may allow you to get a tax refund even if your credit exceeds your tax liability.
D) How a tax rate increase will impact total production. Answer: C Topic: Microeconomics and Macroeconomics Skill: Conceptual Status: Previous edition, Chapter 1 AACSB: Reflective Thinking 28) Which of the following questions is NOT a microeconomic question? A) Can the Federal Reserve keep income...
But hey, depending on where you live, you might have to deal with federal, statelocal taxes . . . that’s a lot! If you’re feeling overwhelmed this tax season, work with one of our RamseyTrusted tax advisors who serves your area. That way, you can rest easy knowing you have aon ...
its reserve requirements. If a bank expects to have end-of-the-day balances greater than what's required, it can lend the excess to an institution that anticipates a shortfall in its balances. The interest rate the lending bank can charge is the federal funds rate, or fed funds rate.47...
The applicable federal rate (AFR) is the minimum interest rate that the Internal Revenue Service (IRS) allows for private loans.