The Reference Rate of Interest in the Eurocurrency Market Is

question 33

Multiple Choice

The reference rate of interest in the eurocurrency market is the:

• A) London Interbank Offered Rate.
• B) Prima rate.
• C) Federal funds rate.
• D) Treasury rate.

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Definitions:

Creditors

Creditors are individuals or entities that are owed money by another entity or individual, known as a debtor.

Debtor

A person, company, or country that owes money.

Surety

A surety involves a third party agreeing to take on the obligation of paying back a debt or performing a duty if the primary obligor fails to do so.

Creditor

A person or entity to whom money is owed by another entity, known as the debtor, for goods, services, or loans provided.