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Pol 101
Ch. 09
5
Business
Undergraduate 4
11/04/2013
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Term
The biggest market for foreign exchange is found in which of the following cities?
 Definition
London
Term
One reason that the U.S. dollar is so widely traded is in part because _____
 Definition
It is an investment currency in many capital markets
Term
What is LIBOR?
 Definition
The deposit rate that applies to interbank loans within London
Term
What is the advantages of Eurocurrencies
 Definition
they provide the lender with better yield
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