Solved: What is libor who sets the rates, Other Subject

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What is libor who sets the rates

Questions:

1. What is libor, who sets the rates? ( 50 words )

2. What was the nature of the scandal? ( 200 words )

3. What are the consequences for lending activity worldwide and what entities are affected? ( 150 words )

4. Recommend punishment for the responsible parties ( 100 words )

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