In the international market, a FRA in USD is usually settled with reference to:
A) BBA LIBOR
B) Fed funds
C) ISDA LIBOR
D) EURIBOR

Question

Quizplus · Accepted Answer

BBA LIBOR (also known as ICE LIBOR) is the most commonly used reference rate in the international market for FRAs in USD. Fed funds and ISDA LIBOR are not commonly used for USD FRAs, while EURIBOR is a reference rate for Euro-denominated FRAs.

In the International Market, a FRA in USD Is Usually