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D Question 21 1 pts Which of the following statement is correct? T-bills rate is the rate of interest offered by the largest and strongest
D Question 21 1 pts Which of the following statement is correct? T-bills rate is the rate of interest offered by the largest and strongest London banks on dollar deposits of significant size. The number of units of foreign currency that can be purchased for one U.S. dollar is a direct quote. Purchasing power parity assumes that products in different countries are identical, there are no FOREX transaction fees, or transportation costs, or transit time, or import and export restrictions. All the answers are incorrect. Eurodollars are under the direct control of the U.S. monetary authorities, so U.S. banking regulations, including reserve requirements and FDIC insurance premiums, apply
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