interest rate paid on Eurodollar deposits depends on the particular bank's lending rate and on rates available on U.S.money market instruments.

Question

Quizplus · Accepted Answer

The interest rate paid on Eurodollar deposits is determined by the bank's lending rate and the rates available on U.S. money market instruments such as LIBOR (London Interbank Offered Rate) and the federal funds rate.

Interest Rate Paid on Eurodollar Deposits Depends on the Particular