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What do Eurodollar futures do ? It is an interest rate future that locks the interest rate for a future 3 - month period. Holds

What do Eurodollar futures do

?

It is an interest rate future that locks the interest rate for a future

3 -

month period.

Holds European currency at U

.

.

banks for future use.

Allows you to pay spot price for a lower interest rate.

Allows you to borrow money when you purchase a Eurodollar future.

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