How LIBOR Sets Interest Rates
thestatedtruth.com | August 8, 2013
Did you ever wonder just what LIBOR stands for…….well now you know! Until July 2012, the London Interbank Offered Rate (LIBOR) was the biggest little number that nobody outside finance understood, and yet it touched the lives of virtually everybody. LIBOR is an interest rate that gets calculated for ten currencies and fifteen borrowing periods […]