A Software Programme Is Similar to an Apple in That

question 80

Multiple Choice

A software programme is similar to an apple in that it is _____,but it is also similar to public safety in that it is _____.

• A) rival in consumption;nonexcludable
• B) nonrival in consumption;excludable
• C) excludable;nonrival in consumption
• D) nonexcludable;rival in consumption

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Definitions:

LIBOR

The London Interbank Offered Rate, a benchmark interest rate at which major global banks lend to one another, often used as a reference rate in financial markets.

SONIA

Sterling Overnight Index Average, an interest rate benchmark that reflects the average of the interest rates that banks in London pay to borrow sterling overnight from other financial institutions.

Tokyo Interbank Rate

The interest rate at which banks lend to each other in the Tokyo money market, similar to LIBOR in London.

Euribor

The interest rate at which banks lend to each other in euros within the Euro interbank market.