Rates that the world's largest banks charge one another for loans are called ________.

Question

Quizplus · Accepted Answer

Interbank interest rates are the rates that the world's largest banks charge one another for loans. London Interbank Bid Rates (B) is a specific interbank interest rate that pertains to the rates at which banks can borrow money in the wholesale money markets. Exchange rates (C) are the rates at which currencies can be exchanged for one another, while official bank rates (D) are interest rates set by central banks for their respective countries, which may influence interbank interest rates but are not the same thing.

Rates That the World's Largest Banks Charge One Another for Loans