The interest rate banks charge their customers is known as the _____ rate.A.mortgageB.primeC.securitiesD.discount
Question
Solution 1
The interest rate that banks charge their customers is commonly referred to as the B. prime rate.
The prime rate is the interest rate that commercial banks offer to their most credit-worthy customers, usually large corporations. It serves as a benchmark for other loans and interest rates that Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI
Similar Questions
What is the term used for the interest rate at which the Reserve Bank of India (RBI) lends money to commercial banks?
The amount of money charged to borrow money, expressed as a percentage, is called the _____.A.loan termB.collateralC.principalD.interest rate
The interest rate the Fed charges banks borrowing from the Fed is theA) federal funds rate.B) Treasury bill rate.C) discount rate.D) prime rate.
. Banks provide a higher rate of interest on which one of the following accounts?
What do we call the rate at which the Reserve Bank of India lends money to commercial banks?a.Repo Rateb.Reverse Repo Ratec.CRRd.SLR
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.