MoneyRates Blog

Why the LIBOR Rate is Important to the U.S. Economy

August 13, 2007
By MoneyRates team | Money-Rates Columnist

LIBOR is the base interest rate paid on deposits between banks in the Eurodollar market. A Eurodollar is a dollar deposited in a bank in a country where the currency is not the dollar. The Eurodollar market has been around for over 40 years and is a major component of the International financial market. London [...]

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