Interest rate paid on traded Eurodollars is called as

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Interest rate paid on traded Eurodollars is called as

A. London intra bank offered rate

B. London interbank offered rate

C. euro interbank offered rate

D. demand intra bank rate

Answer: Option B

Solution (By Examveda Team)

Interest rate paid on traded Eurodollars is called as London interbank offered rate. The London Interbank Offered Rate is the average interest rate at which leading banks borrow funds from other banks in the London market.

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