LIBOR is
A) insignificant interest rate for global financial markets' operation.
B) Madrid and Paris Interbank Offered Rate.
C) published by British Bankers Association (BBA) once per year.
D) adjusted average of estimated borrowing rates in the unsecured interbank market.

Question

Quizplus · Accepted Answer

LIBOR (London Interbank Offered Rate) is the adjusted average of estimated borrowing rates that major global banks charge each other in the unsecured interbank market for short-term loans. It is widely used as a benchmark interest rate for financial instruments such as loans, mortgages, and derivatives. The rates are published daily for multiple currencies and maturities.

LIBOR Is