Asian dollar CDs may carry either fixed or floating interest yields based upon the prevailing level of the Singapore interbank offer rate.

Question

Quizplus · Accepted Answer

Asian dollar CDs (Certificates of Deposit) can indeed have either fixed or floating interest rates, with the floating rates often tied to benchmarks such as the Singapore Interbank Offered Rate (SIBOR), reflecting the cost of borrowing funds in the international banking market.

Asian Dollar CDs May Carry Either Fixed or Floating Interest