LIBOR means
A)London Interbank Offered Rate.
B)London International Bank Offered Rate.
C)Long-term International Bank Offered Rate.
D)Liberty of Repayment.

Question

Quizplus · Accepted Answer

LIBOR stands for London Interbank Offered Rate, which is the benchmark interest rate that major global banks charge each other for short-term loans. It is used as a reference rate for various financial products such as adjustable-rate mortgages, credit cards, and student loans.

LIBOR Means