Which of the following statements is most correct?
A)Eurodollars are deposits placed in foreign banks that remain denominated in U.S.dollars.
B)Treasury bills are actively traded in secondary money markets.
C)The most common trading unit for federal funds is $1 million.
D)All of the above statements are correct.

Question

Quizplus · Accepted Answer

A) Eurodollars are a type of offshore deposit denominated in US dollars, held in banks outside of the United States. 
B) Treasury bills are actively traded in the secondary market, where investors buy and sell previously issued securities before they reach maturity. 
C) The most common unit for federal funds is $1 million, which is the minimum transaction size typically allowed in this market. All three statements are correct.

Which of the Following Statements Is Most Correct