LIBOR stands for:
A)London Interest Basis Offered Rate.
B)London International Offered Rate.
C)London Interbank Offered Rate.
D)London Interagency Offered Rate.
E)London International Option Rate.

Question

Quizplus · Accepted Answer

LIBOR stands for London Interbank Offered Rate, which is the interest rate at which banks offer to lend funds to other banks in the London interbank market. It serves as a benchmark for short-term interest rates globally and is used as a reference for many financial products and contracts, including loans, derivatives, and securities.

LIBOR Stands For