The average interest rate offered by a specific group of multinational banks in London is known as the
A)LIBOR rate
B)prime rate
C)fed funds rate
D)Eurobond rate

Question

Quizplus · Accepted Answer

The average interest rate offered by a specific group of multinational banks in London is known as the LIBOR (London Interbank Offered Rate) rate. The prime rate is the interest rate that banks charge their most creditworthy customers. The fed funds rate is the interest rate at which banks lend money to each other overnight. The Eurobond rate is the interest rate at which Eurobonds are issued.

The Average Interest Rate Offered by a Specific Group of Multinational