LIBOR stands for:
A)Lausanne Interest Basis Offered Rate.
B)London International Offered Rate.
C)London Interbank Offered Rate.
D)London Interagency Offered Rate.
E)None of the above.

Question

Quizplus · Accepted Answer

LIBOR stands for the London Interbank Offered Rate, which is the average interest rate at which major London banks borrow from each other. It is used as a benchmark for various financial instruments, such as loans, mortgages, and derivatives.

LIBOR Stands For