The interest rate at which international banks loan to each other is called

Question

Quizplus · Accepted Answer

The London Interbank Offered Rate (LIBOR) is the interest rate at which international banks lend to each other. It is the most widely used benchmark for short-term interest rates globally and is used as a reference rate for many financial instruments, including loans, bonds, and derivatives. The other answer choices, such as the federal funds rate and prime rate, refer to interest rates within specific countries and are not directly related to international bank lending.

The Interest Rate at Which International Banks Loan to Each