What is the meaning and significance of the "L" in LIBOR?
a) It stands for London, hence LIBOR is the interest rate specifically for borrowing pounds
b) It stands for £, hence LIBOR is the interest rate for pounds
c) It stands for London, the center of trading for Eurodollar deposits
d) It stands for leverage, for which LIBOR is the interest rate
Answer: c) It stands for London, the center of trading for Eurodollar deposits
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Which of the following is characteristic of both cashier's checks and traveler's checks?
A) They are frequently issued by companies other than banks. B) Requirement of a countersignature when used C) Usually available only in certain fixed denominations D) The same party serves as both the drawee and drawer. E) Must be certified before they can be negotiated
Attempting to insert a new vehicle 666, Car, Ford in the table VEHICLE will cause an occurrence of an insertion anomaly
Indicate whether the statement is true or false