Asked by V?n Linh Nguy?n on May 26, 2024
Verified
The rate of interest on short-term loans among financial institutions is ________.
A) bankers' acceptances
B) brokers' calls
C) federal funds rate
D) LIBOR
LIBOR
The London Interbank Offered Rate, previously a benchmark interest rate at which major global banks lend to one another.
Bankers' Acceptances
Short-term debt instruments issued by a company that is guaranteed by a commercial bank, commonly used in international trade.
Brokers' Calls
The interest rate charged by banks on loans extended to brokerage firms for the purpose of funding clients' margin accounts.
- Identify and calculate interest rates in various financial contexts.
Verified Answer
Learning Objectives
- Identify and calculate interest rates in various financial contexts.
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