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.
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Home » Business » 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.