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ICMA FMFQ Exam - Topic 5 Question 98 Discussion

Which of the following best describes LIBOR?
B) The average rate at which wholesale banks are offering one another money at fixing time
A) The average rate at which wholesale bank deposits have taken place over the past 24 hours (since the last LIBOR fix)
C) The highest rate at which wholesale banks are offering one another money at fixing time
D) The average rate at which wholesale banks have offered money to their customers over the past 24 hours (since the last LIBOR fix)

ICMA FMFQ Exam - Topic 5 Question 98 Discussion

Actual exam question for ICMA's FMFQ exam
Question #: 98
Topic #: 5
[All FMFQ Questions]

Which of the following best describes LIBOR?

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Suggested Answer: B

by Minna at Jul 02, 2026, 01:54 PM

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