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Which of the following is true? LIBOR is: a- a consensus index which refers to unsecured deposits. b- calculated by averaging all the quotations submitted
Which of the following is true? LIBOR is:
a- a consensus index which refers to unsecured deposits.
b- calculated by averaging all the quotations submitted by a panel of banks.
c- fixed daily for periods between overnight and ten years.
d- the average rate achieved in London for all loan transactions over the past week.
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