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fedayee
Federal
federal
Federal Bureau of Investigation
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Federal Communications Commission
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federal funds
federal funds rate
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federal funds
federal funds


plural noun 
Definition:
 
bank-to-bank loans: money lent overnight from one Federal Reserve Bank to another. The rate of interest charged on such loans is a key economic indicator.
Encarta® World English Dictionary [World English Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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