Federal funds rate (联邦基金利率 liánbāng jījīn lìlǜ) refers to the interest rate at which banks and other depository institutions charge when lending money to each other overnight.
- 联邦 (liánbāng) as in federal budget (联邦政府预算 liánbāng zhèngfǔ yùsuàn) or federal funding (联邦资助 liánbāng zīzhù).
- 基金 (jījīn) as in unemployment insurance fund (失业保险基金 shīyè bǎoxiǎn jījīn) or fund manager (基金经理 jījīn jīnglǐ).
- 利率 (lìlǜ) derives from
利 (lì) as in benefit (利处lìchù), favorable (有利yǒulì), disadvantage (不利búlì), or interest/return (利好 lìhǎo).
率 (lǜ) as in ratio (比率 bǐlǜ), heart rate (心率 xīnlǜ), probability (几率jīǜ), or efficiency (功率gōnglǜ).
Federal funds rate (联邦基金利率 liánbāng jījīn lìlǜ) word examples:
- Effective federal funds rate (有效联邦基金利率 yǒuxiào liánbāng jījīn lìlǜ).
- Federal funds rate target (联邦基金利率目标 liánbāng jījīn lìlǜ mùbiāo).