Which of the following is a correct description of Libor?
A) an average interest rate from sixteen large banks are paying to borrow funds from other large banks.
B) an interest rate calculated by the British Banker's Association every day at 11 a.m. London time
C) an interest rate tied to corporate and mortgage loan contracts valuing roughly $400 trillion
D) all of the above
D
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A firm should shut down if its total revenue is less than its ________ even when the firm produces the level of output at which price equals marginal cost.
A. marginal cost. B. fixed cost. C. total cost. D. variable cost.
The two most important developments in global capital markets over the last few decades are
A) the growth in FDI within developed countries and private capital flows to emerging economies. B) the growth in FDI to emerging economies and private capital flows within developed countries. C) the growth of cross-border mergers and acquisitions and the stabilization of exchange rate regimes. D) the growth of cross-border mergers and acquisitions and private capital flows within developed countries.
U.S. banks have most of their branches in
A) Latin America, the Far East, the Caribbean, and London. B) Latin America, the Middle East, the Caribbean, and London. C) Mexico, the Middle East, the Caribbean, and London. D) South America, the Middle East, the Caribbean, and Canada.
As of the end of 1994 the country in our survey with the smallest stock market in dollar terms was
A) the United States. B) the United Kingdom. C) Japan. D) Germany.