LIBOR is a key reference rate in the money markets. Many ________ of dollars of loans and derivative assets are tied to it.

A) thousands
B) millions
C) billions
D) trillions

LIBOR

The London Interbank Offered Rate, a benchmark interest rate at which major global banks lend to one another.

Money Markets

Financial markets for short-term borrowing and lending, typically dealing with assets that mature in less than one year.

Trillions

A numerical value representing one thousand billion, or 10^12, used in the context of large sums, such as government budgets or the global economy.