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

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LIBOR is an average of interest rates offered by London banks to other London banks, not specifically to U.S. corporations. However, LIBOR is widely used as a benchmark for various financial products and investments around the world, including for U.S. corporations.

LIBOR Is an Acronym for London Interbank Offer Rate, Which