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represents a benchmark rate that leading global banks charge each other for short-term loans. Unlike the federal funds rate, LIBOR is determined by the equilibrium between supply and demand on the funds market, and it is calculated for five currencies and different periods ranging from one day to one year.Read more: What are the differences between the Federal Funds Rate and LIBOR? | Investopedia http://www.investopedia.com/ask/answers/072715/what-are-differences-between-federal-funds-rate-and-libor.asp#ixzz4Fai0jAzs Follow us: Investopedia on Facebook
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