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      Question

      What is

      LIBOR?
      A London Interbank Offered Rate Correct Answer Incorrect Answer
      B London International Banking Rate Correct Answer Incorrect Answer
      C Local Interbank Offered Rate Correct Answer Incorrect Answer
      D London Interbank Overnight Rate Correct Answer Incorrect Answer
      E Local International Banking Rate Correct Answer Incorrect Answer

      Solution

      LIBOR stands for London Interbank Offered Rate, which was a benchmark interest rate at which major global banks lend to one another.

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