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This is the interest rate at which commercial banks earned from keeping their excess reserves at the Federal Reserve.
a. IORB
b. Discount Rate
c. Federal Funds Rate
d. Required Reserve Ratio

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The interest rate that commercial banks earn from keeping excess reserves at the Fed is A. IORB.

What is the IORB?

The full term is, "Interest on Reserve Balances (IORB)" and it is a rate that is paid by the Fed to banks.

This rate is based on the amount of excess reserves that the bank keeps at the Fed to help with its monetary policy.

Find out more on the Interest on Reserve Balances at https://brainly.com/question/27962333.

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