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.
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.
