BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the full form of LIBOR?
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Local Indian Bank Offered Rate
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London-India Bureau Of Regulations
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Liberal International Bank Official Ratio
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London Inter Bank Offered Rate
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Explanation:
Detailed explanation-1: -Definition: LIBOR, the acronym for London Interbank Offer Rate, is the global reference rate for unsecured short-term borrowing in the interbank market. It acts as a benchmark for short-term interest rates. It is used for pricing of interest rate swaps, currency rate swaps as well as mortgages.
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