The interest rate at which international banks loan to each other is called
A) LIBOR
B) federal funds rate
C) prime rate
D) international bank lending rate
A
Economics
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As inflation rates increase, money becomes less useful as a
A) store of value. B) double coincidence of wants. C) unit of account. D) medium of exchange.
Economics
When the price of sausages is $2.00 per pound, consumers buy 50 pounds of hamburger. When the price of sausages rises to $3.00 per pound, 60 pounds of hamburger are purchased
The cross price elasticity of demand between sausages and hamburger is approximately equal to A) +0.04. B) -0.45. C) +2.20. D) +0.45.
Economics