Which one of the following describes the term LIBOR?
A)London Interweb Opportunity Rate
B)Lisbon Interbank Opportunity Rate
C)London Interbank Opportunity Rate
D)London Interbank Offered Rate
E)Lisbon Interbank Offered Rate

Question

Quizplus · Accepted Answer

LIBOR stands for London Interbank Offered Rate, which is the benchmark interest rate that banks use to lend to each other in the international interbank market.

Which One of the Following Describes the Term LIBOR