ACI
3I0-013 · Question #263
EURIBOR, the Euro Interbank Offered Rate is:
The correct answer is D. The rate at which Euro interbank term deposits are offered by prime banks to corporate. See the full explanation below for the reasoning.
Question
EURIBOR, the Euro Interbank Offered Rate is:
Options
- AThe rate at which Euro interbank term deposits are offered by one prime bank to another
- BThe interest reference rate for the Euro calculated daily from the rates of 15 London banks
- CThe interest reference rate for all major currencies calculated daily from the rates of panel
- DThe rate at which Euro interbank term deposits are offered by prime banks to corporate
How the community answered
(19 responses)- A5% (1)
- B11% (2)
- C5% (1)
- D79% (15)
Community Discussion
No community discussion yet for this question.