Ask Question
25 June, 01:24

What is the prime rate?

a. The prime rate is the best interest rate that banks offer their most creditworthy customers.

b. The prime rate is the interest rate on a credit card, unadjusted for interval compounding.

c. The prime rate is the number which indicates your credit history.

d. The prime rate is the highest interest rate allowed by law.

+3
Answers (1)
  1. 25 June, 01:51
    0
    What is the prime rate:a. The prime rate is the best interest rate that banks offer their most creditworthy customers.

    Usually banks offers this to their clients who are good payers. This comes with lowest interest rate that bank can offer to their clients.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “What is the prime rate? a. The prime rate is the best interest rate that banks offer their most creditworthy customers. b. The prime rate ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers