Which of the following statements is most accurate? an interbank offered rate:

Question

Quizplus · Accepted Answer

An interbank offered rate (IBOR) is a benchmark interest rate that is used by banks when lending to each other through the interbank market. It is not a single reference rate, as there are different IBORs for different currencies and borrowing periods. IBORs typically apply to borrowing periods ranging from overnight to up to one year, but not up to 10 years. IBORs are commonly used as reference rates for interest rate swaps, among other financial instruments. Therefore, statement C is the most accurate.

Which of the Following Statements Is Most Accurate? an Interbank