You Have Quoted Your Customer the Following CAD Deposit Rates

Multiple Choice

You have quoted your customer the following CAD deposit rates: 1M 1.00-05% 2M 1.06-11% 3M 1.13-18% The customer says, "I give you CAD 20,000,000.00 in the two's". What have you done?

A) Borrowed CAD 20,000,000.00 at 1.06%
B) Lent CAD 20,000,000.00 at 1.11%
C) Borrowed CAD 20,000,000.00 at 1.11%
D) Lent CAD 20,000,000.00 at 1.06%