The most commonly quoted rate in the Eurocurrency market is the ________.

Question

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The London Interbank Offer Rate (LIBOR) is the most commonly quoted rate in the Eurocurrency market. It is the average interest rate at which a panel of banks can borrow funds from each other in the London interbank market. The rate is used as a benchmark for various financial instruments, including loans, derivatives, and bonds. The London Interbank Bid Rate (LIBID) is less commonly quoted as it represents the rate at which banks are willing to borrow funds from other banks. Spot rate and cross rate are not commonly quoted in the Eurocurrency market.

The Most Commonly Quoted Rate in the Eurocurrency Market Is