The London Interbank Bid Rate (LIBID)is the interest rate offered by London banks to large investors for Eurocurrency deposits.

Name: The London Interbank Bid Rate (LIBID)is the interest rate offered by London banks to large investors for Eurocurrency deposits.
Brand: Quizplus
Rating: 4.9 (44 reviews)

Question

Quizplus · Accepted Answer

This statement is true. LIBID is the rate at which London banks are willing to borrow Eurocurrency deposits from large investors. It is often used as a reference rate for short-term credit and lending transactions in the Eurocurrency markets.

The London Interbank Bid Rate (LIBID)is the Interest Rate Offered