Question: Which interest rate serves as a benchmark for lending rates among banks in the interbank market? a ) Prime rate b ) LIBOR ( London

Which interest rate serves as a benchmark for lending rates among banks in the interbank market?
a) Prime rate
b) LIBOR (London Interbank Offered Rate)
c) Discount rate
d) Federal funds rate

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!