Economics · Financial Markets
The benchmark interest rate at which major global banks lend to one another in the international interbank market, historically compiled by the British Bankers' Association, is commonly known as ________.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Covered Interest Offered Rate (CIOR)
- 2Securities Exchange Offered Rate (SEOR)
- 3London Interbank Offered Rate (LIBOR)✓
- 4Mumbai Interbank Offered Rate (MIBOR)
Correct answer
London Interbank Offered Rate (LIBOR)
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