I have to calculate Market - clearing rate FF rate if there are only three banks in the economy and each submits the following order for FF purchases and sales
For example for one bank
Rate 5%, 5.25%, 5.5%, 5.75,6% Sell 375, 350,325,300,275 buy 25, 25,40,50,55.
Any idea would be much appreciated as I don't even have any idea how to start this question. Please help