Rates that the world's largest banks charge one another for loans are called ________.

Question

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Interbank interest rates are the rates that the world's largest banks charge one another for loans. This rate is used as a benchmark for interest rates on various financial products such as loans, mortgages, and credit cards. Standardized interest rates refer to interest rates set by financial institutions for their products, exchange rates refer to the value of one currency in relation to another currency, and inflation hedge rates refer to interest rates on investments that aim to protect against inflation.

Rates That the World's Largest Banks Charge One Another for Loans