Rate which is used in major banks in United States as a rate for industrial and commercial loans is?

Question

Rate which is used in major banks in United States as a rate for industrial and commercial loans is?

London intra bank offered rate
London interbank offered rate
euro interbank offered rate
demand intra bank rate

LohaHridoy

4 views

2025-01-04 04:42

1 Answers

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AhmedNazir · Accepted Answer · 2022-09-01T13:21:41+06:00

AhmedNazir

Answer: Option 2

Rate which is used in major banks in United States as a rate for industrial and commercial loans is London interbank offered rate. The London Interbank Offered Rate is the average interest rate at which leading banks borrow funds from other banks in the London market.

4 views Answered 2022-09-01 13:21