what is LIBOUR

Answer Posted / debashis

IT MAY NOT BE LIBOUR. AS FAR AS I KNOW IT MAY BE LIBOR.
WHICH MEANS LONDON INTERBANK OFFERED RATE.

IT A DAILY REFERENCE RATE ON THE BASIS OF INTEREST RATE AT
WHICH BANK OFFER TO LEND TO UNSECURED FUNDS.

Is This Answer Correct ?    45 Yes 6 No



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