The interest rate charged by large banks in London to lend money among themselves is called ________.
A) the prime rate
B) the discount rate
C) the federal funds rate
D) LIBOR

Question

Quizplus · Accepted Answer

The interest rate charged by large banks in London to lend money among themselves is called the LIBOR (London Interbank Offered Rate). Prime rate, discount rate, and federal funds rate are all types of interest rates used in the United States.

The Interest Rate Charged by Large Banks in London to Lend