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London Interbank Borrowing Rate or┬áLIBOR is one of the most fundamental tools that used in today’s financial industry. It makes up the basic building block when it comes to deciding the prices and structures of more complex and complicated financial products used nowadays.

Here’s an Infographic which will help anyone understand the What, Why and How of the LIBOR scandal.

The Libor Rate Scandal.

Infographic by AccountingDegree.net

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