LIBOR Full Form

LIBOR is making news for wrong reasons as it is touted to be biggest scandal of the century and more details are awaited for LIBOR scandal. Full form of LIBOR is London Interbank Offered Rate; it refers to that interest rate at which the banks can borrow from other banks in case of need of funds. It is the most watched rate in the world bond markets as many interest rates and loans are tied to London Interbank Offered Rate.

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