小編導(dǎo)讀：在我們國(guó)內(nèi)，存貸的利率都按央行規(guī)定的統(tǒng)一執(zhí)行，而如果跨國(guó)之間，涉及到多幣種時(shí)，我們應(yīng)該用哪個(gè)國(guó)家的利率呢，這樣就會(huì)出現(xiàn)很多的問(wèn)題，為了解決這個(gè)問(wèn)題，Libor（London Interbank Offered Rate ），即倫敦同業(yè)拆借利率就應(yīng)運(yùn)而生了。在FRM資格證考試中，LIBOR倫敦同業(yè)拆借利率是指?jìng)惗氐?9流銀行之間短期資金借貸的利率，是國(guó)際金融市場(chǎng)中大多數(shù)浮動(dòng)利率的基礎(chǔ)利率。現(xiàn)在來(lái)說(shuō)，LIBOR是最廣泛應(yīng)用的基準(zhǔn)利率。
　　我們來(lái)熟悉一下概念：
　　Which of the following explanations incorrectly accounts for differences between LIBOR and the effective federal funds rate? (   )
　　A.      The manner in which the rates are determined.
　　B.       The composition of the pool of borrowers in London vs New York.
　　C.       Differences between dominate settlement mechanisms in New York and London.
　　D.      LIBOR is a rate on secured loans, whereas the overnight indexed swap rate applies to unsecured loans.
　　正確的答案是D， 因?yàn)長(zhǎng)IBRO和OIS 都適用于無(wú)抵押借貸