ACI
3I0-013 · Question #233
What is the rate of interest paid by the European Central Bank on cash amounts exceeding the minimum reserve requirement (excess reserves)?
The correct answer is D. EONIA-10 basis points. See the full explanation below for the reasoning.
Question
What is the rate of interest paid by the European Central Bank on cash amounts exceeding the minimum reserve requirement (excess reserves)?
Options
- AEONIA-5 basis points
- BEONIA flat
- C0%
- DEONIA-10 basis points
How the community answered
(43 responses)- A2% (1)
- B12% (5)
- C5% (2)
- D81% (35)
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