what is basic libor point
Answer / ameet narayankhedkar
LIBOR is the interest rate that banks charge each other for
one-month, three-month, six-month and one-year loans. LIBOR is
an acronym for London InterBank Offered Rate. This rate is
that which is charged by London banks, and is then published
and used as the benchmark for banks rates all over the world.
Is This Answer Correct ? | 7 Yes | 0 No |
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