is—it’s effectively a percentage of an amount over a year. If your savings account earns you a 0.05% interest per year (which is a REALLY terrible interest rate, honestly), you earn $5 in interest for ...
The federal funds rate, or fed funds rate, is the interest rate that U.S. banks charge each other for uncollateralized, overnight loans. As these short-term loans are a foundational part of banking ...
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