The interest rate paid on the traded Eurodollars is called as __________?
Correct answer: B. London interbank offered rate
- A. London intra bank offered rate
- B. London interbank offered rate
- C. Euro interbank offered rate
- D. Demand intra bank rateCompare Business Loans
Explanation
The standard name for the interest rate associated with interbank borrowing in the London market is the London Interbank Offered Rate, abbreviated LIBOR. “Intra-bank” is incorrect because the transactions are between separate banks.
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