What is the name of the interest rate charged on Eurodollar deposits traded in the market?

Money Markets MCQs for PPSC, FPSC, NTS, and Pakistan government job tests. Select an option below, then read the explanation.

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Subject
Money Marketsfinance-mcqs › money-markets
Published
12 May 2023
Last updated
28 May 2026

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Explanation

The interest rate applied to Eurodollar deposits traded among banks is known as the London interbank offered rate (LIBOR). This rate reflects the average interest rate at which major global banks lend to one another in the London market.

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