3290EconomicsMedium
Which of the following is rate of interest the major international banks charge each other for borrowings?
Ainternational Interbank Offered Rates (IOBOR)
BUSA Interbank Offered Rate (UIBOR)
CLondon Interbank Offered Rate (LIBOR)
DNew York Interbank Offered Rates (NIBOR)
Correct answer
C. London Interbank Offered Rate (LIBOR)
Explanation
The correct answer is London Interbank Offered Rate (LIBOR).