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dalvirb dalvirb
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1 months ago
Prime rate is the ________.

▸ lowest rate of interest that banks charge for short-term loans

▸ average rate of interest charged by banks on their customers

▸ interest rate that the Federal Reserve charges on loans

▸ interest that the Federal Reserve pays for deposits

▸ interest rate banks charge to their least creditworthy customers
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Business in Action


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julie5julie5
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lowest rate of interest that banks charge for short-term loans

Prime interest rate is the lowest rate of interest that banks charge for short-term loans to their most creditworthy customers.

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I appreciate what you did here, answered it right Smiling Face with Open Mouth
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this is exactly what I needed
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