Multiple Choice
The term LIBOR stands for the London Interbank:
A) offered rate and is the rate charged on prime interbank loans on the Eurodollar market.
B) obligor rate and is the rate charged on prime interbank loans on the Eurodollar market.
C) offered rate and is the rate charged on interbank loans worldwide.
D) obligor rate and is the rate charged on interbank loans worldwide.
Correct Answer:
Verified
Correct Answer:
Verified
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