An excellent article on London interbank offered rate (LIBOR) which answers following commonly asked questions:
..and DONT FORGET TO COME BACK for lot more interesting stuff.
What is Libor?Why was Libor created, and by whom?How is Libor calculated?What are examples of how Libor is used?How has Libor’s use evolved over time?Why is Libor important?Is Libor changing as a result of the rate manipulation scandal?
READ NOW!!..and DONT FORGET TO COME BACK for lot more interesting stuff.
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