London interbank offered rate sentence example

london interbank offered rate
  • The London Interbank Offered Rate (LIBOR) is the average of the rates which the highest-rated banks in England would charge to borrow money from each other.
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  • The LIBOR - which stands for the London Interbank Offered Rate - usually follows the Federal Funds Rate fairly closely.
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  • In Europe, this entity is LIBOR - the London Interbank Offered Rate.
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