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This question belongs to Abbreviations Business Abbreviations

Business Abbreviations

?

What is the full form of "LIBOR"?

A) Labour Of Indian Board Organised Regulator B) Loan Income Bank Of Redundancy C) Leverage Incentive Bill Of Rate D) London Inter-bank Offered Rate

Answer & Solution

Correct Answer: Option D

The London Inter-bank 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.

Question posted by Examveda

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