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Which of the following is true of LIBOR? a ) It is a rate used when borrowing and lending takes place between banks. b )
Which of the following is true of LIBOR?
a
It is a rate used when borrowing and lending takes place between banks.
b
The LIBOR rate is free of credit risk
c
It is subject to favorable tax treatment in the US
d
A LIBOR rate is lower than the Treasury rate when the two have the same maturity
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