The rate charged by banks with excess funds is referred to as the interbank offered rate; they will accept interbank deposits at the interbank bid rate.
A) The spread is generally 1/8 of 1 percent for most major Eurocurrencies.
B) The spread is generally referred to as "the TED spread".
C) The spread is generally referred to as the bid-ask commission.
D) None of the above
Correct Answer:
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