Match the term with its definition.
-The interest rate charged by London banks on loans to other London banks

Question

Quizplus · Accepted Answer

LIBOR stands for London InterBank Offered Rate and is the interest rate at which London banks lend to each other.

Answer: G
 Prime rate is the interest rate that commercial banks charge their most creditworthy customers and is often used as a benchmark for other loans, including mortgages and business loans.

Match the Term with Its Definition