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  3. which of these does not describe the ted spread?

Which of these does NOT describe the TED spread? It estimates the risk premium...

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Finance

Which of these does NOT describe the TED spread?
It estimates the risk premium faced by the typical borrower.
The TED spread is usually low and stable.
It equals the difference between the interest rate at which banks lend to each other for a three-month period and the interest rate at which the U.S. government can borrow for three months.
It monitors the health of the banking system.

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