Which of the following is most commonly used as a base index for setting rates for adjustable rate mortgages?

Name: Which of the following is most commonly used as a base index for setting rates for adjustable rate mortgages?
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Question

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The London Interbank Offered Rate (LIBOR) is the most commonly used base index for setting rates for adjustable rate mortgages. LIBOR is the rate at which banks lend to each other in London and is widely accepted as a benchmark for short-term interest rates around the world.

Which of the Following Is Most Commonly Used as a Base