LIBOR is an acronym for London Interbank Offer Rate, which is an average of interest rates offered by London banks to S.A.companies.

Question

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While LIBOR is an average of interest rates offered by banks, it is not specific to South African companies or limited to London banks offering rates to South African companies. LIBOR is a benchmark interest rate used globally for a variety of financial products, including corporate and consumer loans, derivatives, and mortgages.

LIBOR Is an Acronym for London Interbank Offer Rate, Which