Problem
Plot the federal funds rate from January 2008 to the present. The interest rate on reserves was 0.25% from October 2008 onward. Why would the federal funds rate be less than 0.25% over this period? Put another way, why would any financial institution lend at less than 0.25% to another financial institution if could lend to the Fed at 0.25%?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.