Question: The London Interbank Offered Rate ( LIBOR ) Multiple Choice competes with the U . S . Prime Rate for those companies with an international

The London Interbank Offered Rate (LIBOR)
Multiple Choice
competes with the U.S. Prime Rate for those companies with an international presence.
has been lower than the U.S. Prime Rate for at least the last decade.
is an estimate of the interbank lending rate for London banks.
All of these options are correct.

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