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PRMIA Exam 8006 Topic 6 Question 25 Discussion

Actual exam question for PRMIA's 8006 exam
Question #: 25
Topic #: 6
[All 8006 Questions]

LIBOR is determined by the:

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Suggested Answer: D

The London Interbank Offered Rate (LIBOR) is published by the British Bankers' Association (BBA). The BBA polls the rates offered by at least eight banks drops the top and bottom quartile, and averages the middle two quartiles of the rates to arrive at the LIBOR.


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