The thing which will be affected when the federal reserve announces that it is implementing a new interest rate policy is:
According to the given question, we are asked to state the thing which will be affected when the federal reserve announces that it is implementing a new interest rate policy.
As a result of this, we can see that when the federal funds rate is important to the economy of any country and when the country announced that its federal reserve would make changes to its interest rate policy, then the federal funds rate would be affected
Therefore, the correct answer is option D
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