Multiple Choice
Which of the following statements is most correct?
A) Eurodollars are deposits placed in U.S. banks that remain denominated in foreign currencies.
B) Treasury bills are rarely traded in secondary money markets.
C) The most common trading unit for federal funds is $1 million.
D) Federal funds are used most often by firms to finance inventories.
Correct Answer:
Verified
Correct Answer:
Verified
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