Consider the following statements1- LIBOR is the primary benchmark short-term interest rates around the world-2- Euribor is the usual reference rates the euro which is compiled by the European Banking Federeation-Which of the statements given above is- are correct-

Question

Toppr Admin · Accepted Answer

Correct option is C- Both -1- and -2-The London Interbank Offered Rate -LIBOR- is a benchmark interest rate at which major global banks lend to one another in the international interbank market for short-term loans-160-Euribor is short for Euro Interbank Offered Rate- The Euribor rates are based on the average interest rates at which a large panel of European banks borrow funds from one another-Therefore - both statement are correct-160-

Consider the following statements$$1.$$ LIBOR is the primary benchmark for short-term interest rates around the world.$$2.$$ Euribor is the usual reference rates for the euro which is compiled by the European Banking Federeation.Which of the statements given above is/ are correct?

Consider the following statements
$$1.$$ LIBOR is the primary benchmark for short-term interest rates around the world.
$$2.$$ Euribor is the usual reference rates for the euro which is compiled by the European Banking Federeation.
Which of the statements given above is/ are correct?