LIBOR, the London Interbank Offered Rate, is the rate for short-term interbank dollar loans in the domestic money-center bank market.

Name: LIBOR, the London Interbank Offered Rate, is the rate for short-term interbank dollar loans in the domestic money-center bank market.
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LIBOR is a benchmark interest rate at which major global banks lend to one another in the international interbank market for short-term loans, not limited to dollar loans or the domestic money-center bank market.

LIBOR, the London Interbank Offered Rate, Is the Rate for Short-Term