Which of the following is false?

Question 13 options:

	A) The London International Bank Offered Rate (LIBOR) is the interest rate in which major global banks lend to one another in the international interbank for short-term loans.
	B) The LIBOR is based on five currencies including the U.S. dollar, the euro, the British pound, the Japanese yen, and the Swiss franc, and serves seven different maturities: overnight/spot next, one week, and one, two, three, six, and 12 months.
	C) Credit spreads seldom vary due to different economic conditions.
	D) According to Investopedia.com, the LIBOR will be phased out by 2023 and replaced with the Secured Overnight Financing Rate (SOFR).
	E) A bond credit spread is the difference in yield between a treasury bond and corporate bond that have the same maturity.