Bruddah IZ
DA
It's simple reading too. Could you not tell that I was responding to messy? What's wrong with you today?It's simple arithmetic, and I used round numbers to make it easy for you. Why are there no "amont$" in your responses?
If a bank places $1,000,000 (one million dollars) into the overnight bank funding system for one night, for which the current rate is 1.55%, how much interest do they earn that night?
Overnight Bank Funding Rate Data - Federal Reserve Bank of New York