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Question

Which of the following are regularly updated interest rates that are publicly accessible?

A Credit Rates Correct Answer Incorrect Answer
B Reference Rates Correct Answer Incorrect Answer
C Repo Rate Correct Answer Incorrect Answer
D Reserve Rate Correct Answer Incorrect Answer
E None of the above Correct Answer Incorrect Answer

Solution

Interest rate benchmarks – also known as reference rates or just benchmark rates – are regularly updated interest rates that are publicly accessible. They are a useful basis for all kinds of financial contracts such as mortgages, bank overdrafts, and other more complex financial transactions.

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