Answered

Get personalized answers to your specific questions with IDNLearn.com. Get the information you need quickly and accurately with our reliable and thorough Q&A platform.

Which money market security is defined as short-term funds transferred between financial institutions, often for no more than one day

Sagot :

Parrainidn

Answer: Federal Funds

Explanation:

The Fed requires that some financial institutions keep a certain proportion of their deposits with the Fed called a reserve requirement. Sometimes, on a daily basis, some financial institutions may not be able to meet up with this requirement whilst other exceed it.

When this happens, those with the excess can return lend those who don't have enough. This is called Federal funds and usually lasts for no more than one day.

Your participation is crucial to us. Keep sharing your knowledge and experiences. Let's create a learning environment that is both enjoyable and beneficial. Find clear and concise answers at IDNLearn.com. Thanks for stopping by, and come back for more dependable solutions.