Why is the spread between lending and borrowing rates lower, International Economics

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Why is the spread between lending and borrowing rates lower

Problem

(a) What is a Eurocurrency? (b) Why would offshore deposits be a more appropriate term? (c) Why is the spread between lending and borrowing rates lower on Eurocurrencies than on commercial bank dollar deposits in the United States?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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International Economics: Why is the spread between lending and borrowing rates lower

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International Economics: Why is the spread between lending and borrowing rates lower

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