答案和详解如下： 1.The offer rate on U.S. dollar (USD) denominated loans between large banks in London is called: A) Eurobor. B) the London Discount Rate. C) the Exchequer rate. D) London Interbank Offered Rate (LIBOR). The correct answer was D) The rate on USD denominated loans between large banks in London is the LIBOR. 2.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) $60,000. C) $9,900. D) $59,400. The correct answer was C) 0.06 × (60/360) × 990,000 = $9,900. 3.Euribor is: A) a London interbank lending rate. B) the rate on U.S. dollar deposits in continental Europe. C) the same as EuroLIBOR. D) published by the European Central Bank. The correct answer was D) Euribor is the interbank lending rate for Euro denominated loans, published by the European Central Bank, and compiled in Frankfurt. 4.If the U.S. discount rate is 2.5 percent and the London Interbank Offered Rate (LIBOR) is +7.5 percent, the add-on interest that must be paid on a 60-day, $250 million loan is closest to: A) $3.08 million. B) $4.17 million. C) $3.13 million. D) $18.75 million. The correct answer was C) Add-on interest = LIBOR × (60/360) × $250 million
Interest = 7.5% × (1/6) × $250 million = $3.125 million 5.London Interbank Offered Rate (LIBOR) is NOT: A) adjusted daily. B) quoted for periods shorter than 90 days. C) set by the European Central Bank. D) paid on loans denominated in U.S. dollars. The correct answer was C) LIBOR is published by the British Bankers Association based upon quotes from a number of large banks. The rate is determined on a daily basis. LIBOR can apply to loans in U.S. dollars, as well as a variety of other major currencies. LIBOR rates are quoted for a variety of periods, including periods shorter than 90 days. | 
发表于 2008-4-8 11:11
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