35. The interest rate charged by large banks in London to lend money among themselves is called . A. the prime rate B. the discount rate C. the federal funds rate D. LIBOR

Option D

The interest rate charged by large banks in London to lend money among themselves is called LIBOR

Explanation:

The London Interbank Offered Rate (LIBOR) follows as a globally trusted chief benchmark interest rate that intimates hiring costs among banks. The rate is measured and issued every day by the Intercontinental Exchange.

LIBOR is additionally the foundation for consumer loans in nations around the world, so it influences consumers just as significant as it does financial institutions. LIBOR is valued in five currencies. The rate is determined to utilize the Waterfall Methodology, a standardized, transaction-based, data-driven, layered method.

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