How Interest Rates Work (LIBOR vs SOFR)

Описание к видео How Interest Rates Work (LIBOR vs SOFR)

How are interest rates set and modified? Rates change constantly, based on base rates banks pay to each other for lending money between themselves. The London InterBank Offered Rate (LIBOR) was the common standard in the USA, before scandal broke trust. Secured Overnight Financing Rate (SOFR) is the emerging successor.


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