What is the name of the interbank interest rate used in external currency markets that is the most important and used in various cities globally in contractual loan agreements?

Question

Quizplus · Accepted Answer

The interbank interest rate used in external currency markets that is the most important and used in various cities globally in contractual loan agreements is known as LIBOR (London Interbank Offered Rate). The fed funds rate, twelfth district interest rate, and the U.S. prime rate are all interest rates used within the United States and are not specific to external currency markets.

What Is the Name of the Interbank Interest Rate Used