Answer:
The London Interbank Offer Rate (LIBOR)
Explanation:
London Interbank Offered Rate (LIBOR) is simply the average rate at which international banks borrow from each other and it is based on five international currencies such as British pound, the euro, the US dollar, swiss franc and Japanese yen. LIBOR is one of the benchmark interest rate indexes that are mostly used to effect adjustments to mortgage rates that are adjustable.
Currently, the form of exchange that is most used in the United States today is the money or the dollar. <span>A </span>medium of exchange<span> is an intermediary used in </span>trade<span> to avoid the inconveniences of a pure </span>barter system. <span>When </span>money<span> is used to intermediate the </span>exchange<span> of goods and services, it is performing a function as a </span>medium of exchange<span>. Unit of Account: It is a standard numerical unit of measurement of market value of goods, services, and other transactions.</span>
