________ refers to the most commonly quoted interest rate that London banks charge other large banks that borrow Eurocurrency.

Question

Quizplus · Accepted Answer

The London Interbank Offer Rate (LIBOR) is the most commonly quoted interest rate that London banks charge other large banks that borrow Eurocurrency. It is an important benchmark for short-term interest rates around the world and serves as a reference rate for many financial products, including loans, mortgages, and derivatives. The LIBID is also an interbank rate, but it represents the rate at which banks are willing to buy Eurocurrency from other banks, so it is not the correct choice in this context. The spot rate and cross rate are exchange rates used in foreign currency transactions and are not directly related to interbank borrowing rates.

________ Refers to the Most Commonly Quoted Interest Rate That