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Libor stands for london interbank offered rate

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Reference no: EM133060525

How many of the following statement(s) is(are) not correct about the LIBOR rate?

  • LIBOR stands for London Interbank Offered Rate.
  • The type of loans LIBOR is the interest rate of are denominated in British Pounds.
  • The type of loans LIBOR is the interest rate of are unsecured loans.
  • LIBOR is not only used by banks in London.
  • LIBOR is an interest rate for long term loans.

Reference no: EM133060525

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