The diagram below represents two photographs of the Moon, A and B, taken at full moon phase several months apart. The photographs. were taken using the same magnification. Each photograph was cut. in half and the halves placed next to each other. A) The phases of the Moon changed. B) The Moon expanded.
The Basel accords are a series of recommendations on banking laws and regulations issued by the Basel Committee on Banking Supervision (BSBS). The name for the accords is derived from Basel, Switzerland, where the committee that maintains the accords meets.
Definition: LIBOR is the benchmark interest rate that banks charge each other for overnight, one-month, three-month, six-month and one-year loans. LIBOR is an acronym for London InterBank Offered Rate.This rate is published at 11 am by Reuters each day. It's used as the benchmark for bank rates all over the world.