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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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