The London Inter Bank Offered Rate (LIBOR) :
A) is the interest rate set by the central bank in Great Britain.
B) reflects a set of interest rates based on a variety of currencies and maturities at which Eurobanks are willing to lend to each other.
C) the interest rate set by the European Investment Bank.
D) reflects an average of the prime interests rates prevailing in a variety of developed nations.
Correct Answer:
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