Which of the following statements is correct? The most widely quoted Eurocurrency interest rate is the London Interbank Offer Rate, or LIBOR, which is the long-term premium rate that major insurance firms in London charge to policyholders. All the answers are correct. If the exchange rate is the price in dollars for a foreign currency, it is often called the European or indirect quote. The spot rate is the exchange rate that you would pay for future delivery of a currency. The ask quote is the rate at which the dealer will sell foreign currency