Q57
SIBOR refers to
A.
static interest bonds offered rate
B.
Singapore international bonds offered rate
C.
simple interest bearing offshore rate
D.
Singapore interbank offered rate
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
SIBOR refers to Singapore interbank offered rate. It is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the Singapore wholesale money market (or interbank market).