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Which of the following is a correct statement about LIBOR?
Group of answer choices
A) It is the rate at which large banks are prepared to accept large deposits from (i.e., borrow from) other large banks.
B) It is the rate at which large banks are prepared to make large deposits with (i.e., short term loans to) other large banks.
C) Generally it is lower than the Treasury bill rate for comparable maturities.
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