ECONOMICS
MONETARY POLICY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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LIBOR
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Official interest rate
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LBR
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None of the above
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Detailed explanation-1: -LIBOR RATES for the quarter ending September 2022, the LIBOR rate was 2.51%. for the quarter ending June 2022, the LIBOR rate was 1.00%. for the quarter ending March 2022, the LIBOR rate was 0.23%. for the quarter ending December 2021, the LIBOR rate was 0.09%.
Detailed explanation-2: -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.
Detailed explanation-3: -1 The most commonly quoted rate is the three-month U.S. dollar rate, usually referred to as the current LIBOR rate. LIBOR is also the basis for consumer loans in countries around the world, so it impacts consumers just as much as it does financial institutions.