The Term LIBOR Stands for the London Interbank

question 47

Multiple Choice

The term LIBOR stands for the London Interbank:

• A) offered rate and is the rate charged on prime interbank loans on the Eurodollar market.
• B) obligor rate and is the rate charged on prime interbank loans on the Eurodollar market.
• C) offered rate and is the rate charged on interbank loans worldwide.
• D) obligor rate and is the rate charged on interbank loans worldwide.

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