keithdagdagan keithdagdagan
  • 22-03-2021
  • Social Studies
contestada

what is overnight borrowing rate?

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anna27315
anna27315 anna27315
  • 22-03-2021

Answer:

i don't know

Explanation:

What Is the Overnight Rate? The overnight rate is the interest rate at which a depository institution (generally banks) lends or borrows funds with another depository institution in the overnight market. In many countries, the overnight rate is the interest rate the central bank sets to target monetary policy.

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daisy29847
daisy29847 daisy29847
  • 22-03-2021

Explanation:

It's when you get a loan from the bank and you must repay the borrowed funds plus interest at the start of the business the next day.

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