Interest Rates could be explained as the cost of borrowing money in an economy. In an organized economy, central banks are the entities in charge of setting interest rates. Interest Rates serve as a mechanism to control inflation; in times of high inflation there is a...
Federal Interest Rates refers to the rates at which depository institutions (mainly commercial banks), lend and borrow funds held at the Federal Reserve. The Federal Funds Rate serves as the benchmark rate for banks and other depository institutions when determining...
