The interest rate banks charge their customers is known as the _____ rate.A.mortgageB.primeC.securitiesD.discount
Question
The interest rate banks charge their customers is known as the _____ rate.A.mortgageB.primeC.securitiesD.discount
Solution
The interest rate banks charge their customers is known as the B. prime rate.
Similar Questions
The discount rate isQuestion 29Answera.the interest rate banks charge their best customers.b.the interest rate the U.S. Treasury pays on Treasury Bills.c.the interest rate banks charge each other for overnight loans.d.the interest rate the Fed charges to banks for loans from the Fed.
The prime rate is theMultiple Choiceinterest rate that commercial banks charge their best customers for short-term loans.highest rate of interest that commercial banks in the country can charge their customers.dividend paid out per share divided by the market price of the stock.rate of interest offered on U. S. Treasury bills.
The discount rate is the interest rate at which: A. Commercial banks lend to the central bank B. The central bank borrows from commercial banks C. The central bank borrows from the government D. The government borrows from commercial banks
The amount of money charged to borrow money, expressed as a percentage, is called the _____.A.loan termB.collateralC.principalD.interest rate
Multiple Choice QuestionThe interest rate commercial banks charge their best customers, usually large corporations, for short-term loans is the _____ rate.Multiple choice question.primeprincipalcouponpremium
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.