LIBOR is arrived at as a trimmed mean of interest rates. What does this process...
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Finance
LIBOR is arrived at as a trimmed mean of interest rates. What does this process accomplish?
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| Lowers the interest rate. |
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| Raises the interest rate. |
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| Eliminates extreme observations. |
A repo (repurchase agreement) is equivalent to:
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| A forward contract. |
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| A secured loan. |
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| An unsecured loan. |
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