EURIBOR is the:
A) Daily fixing of EUR interbank deposit rates in the European market
B) Daily fixing of EUR interbank deposit rates in the London market
C) Another name for EUR LIBOR
D) The ECB's official repo rate

Question

Quizplus · Accepted Answer

EURIBOR (Euro Interbank Offered Rate) is the daily fixing of EUR interbank deposit rates in the European market. It is based on the average interest rates submitted by a panel of banks. It is used as a reference rate for many financial instruments, including loans and derivatives.

EURIBOR Is The