Type of funds that have transfer transactions between financial institutions are classified as
A. federal funds
B. premium funds
C. discount funds
D. mean funds
Answer: Option A
Solution(By Examveda Team)
Type of funds that have transfer transactions between financial institutions federal fundsare classified as federal funds. Federal funds, often referred to as fed funds, are excess reserves that commercial banks and other financial institutions deposit at regional Federal Reserve banks; these funds can be lent, then, to other market participants with insufficient cash on hand to meet their lending and reserve needsThis Question Belongs to Management >> International Finance And Treasury
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