What is the difference between prime rate and Libor?
What is the difference between prime rate and Libor? Libor is used by banks – it is the interest rate at which banks lend to each other in certain London money markets. Comparatively, US Prime Rate is used by consumers – it is the rate at which banks lend to their best customers. Is Libor … Continue reading What is the difference between prime rate and Libor?
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