everything else held constant in the market for reserves when the federal funds rate 639690

1) Everything else held constant, in the market for reserves, when the federal funds rate is 3%, raising the discount rate from 5% to 6%

A) lowers the federal funds rate.

B) raises the federal funds rate.

C) has no effect on the federal funds rate.

D) has an indeterminate effect on the federal funds rate.

2) Everything else held constant, in the market for reserves, when the federal funds rate is 3%, lowering the interest rate paid on excess reserves rate from 2% to 1%

A) lowers the federal funds rate.

B) raises the federal funds rate.

C) has no effect on the federal funds rate.

D) has an indeterminate effect on the federal funds rate.

3) Everything else held constant, in the market for reserves, when the federal funds rate equals the discount rate, lowering  he discount rate

A) increases the federal funds rate.

B) lowers the federal funds rate.

C) has no effect on the federal funds rate.

D) has an indeterminate effect of the federal funds rate.