$63$ Is $33 \frac { 1 } { 3 } \%$

question 44

Multiple Choice

$63$ is $33 \frac { 1 } { 3 } \%$ of what number?

• A)94.5
• B)1,890
• C)567
• D)189
• E)378

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Definitions:

Floating-rate Debt

Debt instruments such as bonds or loans with variable interest rates that adjust periodically based on a benchmark interest rate or index.

Market Rates

Refers to the current interest rate or price available in the marketplace for financial instruments or commodities.

Floating-rate Debt

Floating-rate Debt refers to loans or bonds with a variable interest rate, which adjusts periodically based on a benchmark interest rate or index.

LIBOR

The London Interbank Offered Rate, which is a benchmark rate that some of the world’s leading banks charge each other for short-term loans.