The most commonly quoted rate in the Eurocurrency market is the ________.

Question

Quizplus · Accepted Answer

The London Interbank Offer Rate (LIBOR) is the most commonly quoted rate in the Eurocurrency market, as it represents the rate at which large banks in London are willing to lend to one another in the interbank market. It is used as a benchmark for various financial instruments and is widely observed by market participants. The London Interbank Bid Rate (LIBID) is the rate at which banks are willing to borrow from one another, and it is not as commonly quoted as LIBOR. The spot rate and interbank rate are broader terms that can refer to various rates across different markets, and thus are not specific to the Eurocurrency market.

The Most Commonly Quoted Rate in the Eurocurrency Market Is