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A bank quotes a EURO money market rate as: TOM/NEXT 4.37-4.25 This means that: The bank lends EURO at an interest rate of 4.37% The

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A bank quotes a EURO money market rate as: TOM/NEXT 4.37-4.25 This means that: The bank lends EURO at an interest rate of 4.37% The bank lends EURO at an interest rate of 4.25% The bank is borrowing or lending EURO, deposited tomorrow and repaid the following day Both 1 and 3

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