LIBOR Measures

question 81

Multiple Choice

LIBOR measures

• A)the duration of fixed-rate assets.
• B)the vulnerability of a bank's net worth to interest rate risk.
• C)rates that international banks charge on dollar-denominated loans.
• D)the value of the dollar relative to the currencies of the major trading partners of the United States.

---

Definitions:

Promissory Note

A financial instrument that contains a written promise by one party to pay another party a definite sum of money, either on demand or at a specified future date.

Fraudulently Changes

The act of deceitfully altering information or documents with the intent to gain an unauthorized benefit or to deceive others.

Forged Indorsement

occurs when someone unlawfully signs another person's name on a financial document, such as a check, without authorization.

Revised Article 3

Amendments and updates to Article 3 of the Uniform Commercial Code (UCC), which primarily deals with negotiable instruments like checks.