CFA Practice Question

There are 120 practice questions for this study session.

CFA Practice Question

What is the interest rate that banks in London pay each other for Euro-dollars?

A. London interbank offered rate (LIBOR)
B. London Euro rate (LER)
C. London Eurobond rate (LER)
Correct Answer: A

The LIBOR is the rate between banks in London.

User Contributed Comments 3

User Comment
jonan203 "LIE"bor
Inaganti6 Funny you mention that in the midst of the Libor scandal
Freddie33 LIBOR doesn't just apply to London...
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