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LOS e, (Part 2): Define LIBOR and Euribor.
Q1. Which of the following is least likely a characteristic of London Interbank Offered Rate (LIBOR)?
A) Adjusted daily.
B) Set by the European Central Bank.
C) Paid on loans denominated in U.S. dollars.
Q2. If the U.S. discount rate is 2.5% and the London Interbank Offered Rate (LIBOR) is +7.5%, the add-on interest that must be paid on a 60-day, $250 million loan is closest to:
A) $3.13 million.
B) $4.17 million.
C) $3.08 million.
Q3. Euribor is:
A) the same as EuroLIBOR.
B) the rate on U.S. dollar deposits in continental Europe.
C) published by the European Central Bank.
Q4. If 60-day London Interbank Offered Rate (LIBOR) is 6 percent, the interest on a 60-day LIBOR-based Eurodollar deposit of $990,000 is:
A) $10,000.
B) $9,900.
C) $59,400.
Q5. The offer rate on U.S. dollar (USD) denominated loans between large banks in London is called:
A) London Interbank Offered Rate (LIBOR).
B) Eurobor.
C) the Exchequer rate.
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发表于 2009-3-2 09:53
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