Multiple choice

Expand the term LIBOR.

  1. London Inter-Bank Operational Rate

  2. London Inter-Bank Offsite Rate

  3. London Inter-Bank Onsite Rate

  4. London Inter-Bank Offered Rate

  5. None of these
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

LIBOR stands for London Inter-Bank Offered Rate. It is a benchmark interest rate at which major global banks lend to one another in the international interbank market for short-term loans. Option D correctly states 'Offered' rather than 'Operational', 'Offsite', or 'Onsite'.

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