The __________ interest rate is based on the cost of borrowing offshore U.S.dollars in the global interbank market.

Name: The __________ interest rate is based on the cost of borrowing offshore U.S.dollars in the global interbank market.
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The London Interbank Offered Rate (LIBOR) is the interest rate at which banks can borrow offshore U.S. dollars from other banks in the global interbank market. It is widely used as a benchmark for short-term interest rates in financial markets.

The __________ Interest Rate Is Based on the Cost of Borrowing