Question: What is the commonality between the Fed Funds rate and LIBOR? They both are based on lending on collateral. They both represent interbank borrowing. They
What is the commonality between the Fed Funds rate and LIBOR?
| They both are based on lending on collateral. | ||
| They both represent interbank borrowing. | ||
| They both vary with the stock market indexes. |
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Bretton Woods conference took place at a time when:
the International Investment Position for US was positive.
The gold stock held by UK was large.
Global trade was free of privileged access for some countries.
Under the gold exchange standard loans to help stabilize the fixed exchange rates were provided by:
| The World Bank | ||
| The International Monetary Fund | ||
| The Bank of International Settlements |
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