Which of the Following Is True of LIBOR

question 60

Multiple Choice

Which of the following is true of LIBOR?

• A)It is the interest rate that London banks charge each other for Eurocurrency loans.
• B)It is the rate bid by banks on Eurocurrency deposits.
• C)It is the rate at which banks offer to lend unsecured funds to other banks in the euro wholesale money market.
• D)It refers to the overnight indexed swap rate.
• E)It is the reference rate for overnight-unsecured transactions in the Sterling market.

---

Definitions:

Chair Conformer

A stable, three-dimensional conformation of cyclohexane characterized by a shape resembling a chair, minimizing steric strain and torsional strain.

α-D-Glucopyranose

An alpha anomer of glucose in its cyclic form, where the hydroxyl group at the anomeric center is in the axial position.

Pyranose Forms

The six-membered oxygen-containing heterocyclic forms of monosaccharides or sugars.

Monosaccharide

The simplest form of carbohydrates, consisting of a single sugar molecule, such as glucose or fructose.