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LIBOR: What Was the London Interbank Offered Rate, and How Was It Used?

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LIBOR: What Was the London Interbank Offered Rate, and How Was It Used?

The London Interbank Offered Rate, or LIBOR, was the interest rate used by major banks in the market for short-term loans. It was phased out and replaced by SOFR in 2023.

ep 8: LIBOR - definition, calculation, usage, scandal and reform

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