The London Interbank Offered Rate (LIBOR)

question 21

Multiple Choice

The London Interbank Offered Rate (LIBOR) :

• A) does not compete with the prime rate domestically for international firms.
• B) often is lower than the domestic prime rate.
• C) is the loan rate offered by London banks to its best customers.
• D) is a stable international rate.

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Definitions:

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