Federal Financing Bank

Definition:

A federal institution that lends to a wide array of federal credit agencies funds it obtains by borrowing from the US Treasury.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Managed float

Also known as "dirty" float, this is a system of floating exchange rates with central bank intervention to reduce currency fluctuations.

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