An international interbank market facilitates the transfer of funds from banks with excess funds to those with deficient funds.

Question

Quizplus · Accepted Answer

The international interbank market is a financial system where banks lend to and borrow from one another to manage liquidity and meet the needs of their customers, facilitating the transfer of funds from banks with excess reserves to those in need of additional funds.

An International Interbank Market Facilitates the Transfer of Funds from Banks