Answer-What is LIBOR&nbsp;

Q: Answer-&lt;p&gt;&lt;strong&gt;What is LIBOR&amp;nbsp; &lt;/strong&gt;&lt;/p&gt;

LIBOR London Interbank Offered Rate is a benchmark rate used by global banks for short-term loans. LIBOR is based on five currencies U.S. dollar USD, Euro EUR, pound sterling GBP, Japanese yen JPY and Swiss franc CHF, and serves seven different maturities overnight, one week, and 1, 2, 3, 6 and 12 months. The most commonly quoted rate is the 3 months USD rate.

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Question

What is LIBOR

A 1) Local Interest Business Organisation Rate Correct Incorrect

B 2) London Interbank Offered Rate Correct Incorrect

C 3) Legal Interbank Operations Rate Correct Incorrect

D 4) Large Interest Bank Optimisation Ratio Correct Incorrect

E 5) None of these Correct Incorrect

Detailed Solution

LIBOR (London Interbank Offered Rate) is a benchmark rate used by global banks for short-term loans. LIBOR is based on five currencies: U.S. dollar (USD), Euro (EUR), pound sterling (GBP), Japanese yen (JPY) and Swiss franc (CHF), and serves seven different maturities: overnight, one week, and 1, 2, 3, 6 and 12 months. The most commonly quoted rate is the 3 months USD rate.

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What is LIBOR

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