The London Interbank Offered Rate (LIBOR)
A) competes with the U.S. prime rate for those companies with an international presence.
B) has been lower than the U.S. prime rate for at least the last decade.
C) is the interbank lending rate for London banks.
D) a and b are correct.

Question

Quizplus · Accepted Answer

LIBOR is the interbank lending rate for London banks and it competes with the U.S. prime rate for those companies with an international presence.