The London Interbank Offered Rate (LIBOR)is all of the following except:
A) the rate charged by banks on loans to other Eurobanks
B) the rate paid by banks on deposits from other Eurobanks
C) reference rate in London for Eurocurrency deposits
D) reference rate in London for Eurocurrency loans

Question

Quizplus · Accepted Answer

LIBOR is the rate at which banks lend to each other, not the rate they pay on deposits.

The London Interbank Offered Rate (LIBOR)is All of the Following