Examlex
Use a calculator to evaluate . Round your answer to four decimal places.
LIBOR
The London Interbank Offered Rate, previously a benchmark interest rate at which major global banks lend to one another.
Bankers' Acceptances
Short-term debt instruments issued by a company that is guaranteed by a commercial bank, commonly used in international trade.
Brokers' Calls
The interest rate charged by banks on loans extended to brokerage firms for the purpose of funding clients' margin accounts.
Residual Claimant
An individual or entity entitled to a share of a company's assets only after all debts and other obligations have been met in the event of liquidation.
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