Which of the following is true of LIBOR
A. The LIBOR rate is free of credit risk
B. A LIBOR rate is lower than the Treasury rate when the two have the same maturity
C. It is a rate used when borrowing and lending takes place between banks
D. It is subject to favorable tax treatment in the U.S.
C
LIBOR is a rate used for interbank transactions.
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Which of the following is true with regard to indirect coordinating mechanisms?
A) Indirect coordinating mechanisms do not include feedback reports. B) Indirect coordinating mechanisms typically include visits by head-office personnel. C) Indirect coordinating mechanisms typically include sales quotas. D) Indirect coordinating mechanisms include regular meetings to allow employees around the world to consult and troubleshoot.
Quaniqua is an insurance agent who sells the products of over 20 different insurance companies. What type of agent is she?
A) Exclusive B) Direct-writing C) Independent D) Soliciting