Question

    What does R stand for in term

    LIBOR?
    A Rate Correct Answer Incorrect Answer
    B Regulations Correct Answer Incorrect Answer
    C Ratio Correct Answer Incorrect Answer
    D Reserve Correct Answer Incorrect Answer
    E Range Correct Answer Incorrect Answer

    Solution

    The London Inter-bank Offered Rate is an interest-rate average calculated from estimates submitted by the leading banks in London.

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