Impact of Libor replacement, if we talk about Libor replacement, why we choose banking industry to...

 

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Impact of Libor replacement, if we talk about Libor replacement, why we choose banking industry to talk about this, and what's the big relationship between banking and Libor, what's the big effect about Libor replacement to banking industry? (The London Interbank Offered Rate (LIBOR) is a benchmark interest rate at which major global banks lend to one another in the international interbank market for short-term loans) Impact of Libor replacement, if we talk about Libor replacement, why we choose banking industry to talk about this, and what's the big relationship between banking and Libor, what's the big effect about Libor replacement to banking industry? (The London Interbank Offered Rate (LIBOR) is a benchmark interest rate at which major global banks lend to one another in the international interbank market for short-term loans)

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SOLUTION The LIBOR is a critical benchmark interest rate that has been used as the reference rate fo... View the full answer