Which of the following is rate of interest the major international banks charge each other for borrowings ?

A. New York Interbank Offered Rates (NIBOR)
B. international Interbank Offered Rates (IOBOR)
C. London Interbank Offered Rate (LIBOR)
D. USA Interbank Offered Rate (UIBOR)

Correct Answer: London Interbank Offered Rate (LIBOR) ✔

Last Updated: June 18, 2019