Asked by
Melissa Derakhshan
on Oct 20, 2024
Verified
Several large banks manipulated the reported rates on which key money market rate?
A) federal funds rate
B) LIBOR
C) bankers' acceptances
D) brokers' calls rate
Report Rates
The interest rates reported by financial institutions, often related to loans or deposits, to regulatory bodies or in their financial statements.
LIBOR
The London Interbank Offered Rate is a standard interest rate used by leading international banks for loans to each other.
Federal Funds Rate
The Federal Funds Rate is the interest rate at which depository institutions lend reserves maintained at the Federal Reserve to other depository institutions overnight.
- Recognize and compute interest rates within diverse financial environments.
Verified Answer
TB
Learning Objectives
- Recognize and compute interest rates within diverse financial environments.