Solved

Bbalibor Is

Question 2

Multiple Choice

Bbalibor is:

A) the rate at which a bank with surplus funds lends to another bank for a fixed time period in the London interbank market
B) the rate at which a bank with surplus dollars lends to another bank for a fixed time period in the London interbank market
C) the rate at which a bank with a shortage of funds offers to borrow excess funds from another bank for a fixed time period in the London interbank market
D) a trimmed average of libor quotes computed every trading day by the British Banker's Association
E) None of these answers are correct.

Correct Answer: