CAF-7 · Chapter 10 · Question 13 of 15
What does the financial acronym 'KIBOR' stand for?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Karachi Interbank Offered Rate
Explanation
KIBOR stands for Karachi Interbank Offered Rate, which is the average interest rate at which banks in Pakistan offer to lend unsecured funds to other banks in the wholesale money market. It is the primary benchmark for corporate lending.
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