LIBOR is an acronym for
A)Latest Interest Being Offered Rate.
B)Large International Bank Offered Rate.
C)Least Interest Bearing: Official Rate.
D)London Interbank Offered Rate.

Question

Quizplus · Accepted Answer

LIBOR stands for London Interbank Offered Rate, which is the interest rate at which banks in London can borrow money from each other. LIBOR is widely used as a benchmark for setting interest rates for a variety of financial products including loans, mortgages, and derivatives.

LIBOR Is an Acronym for