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The prime rate interest is A) the rate the bank charges its most credit worthy b

ID: 2721381 • Letter: T

Question

The prime rate interest is A) the rate the bank charges its most credit worthy borrowers B) the rate the bank charges for money it borrows from the federal reserved board C) the rate the bank charges its average borrowers D) the rate the bank charges on home mortgages The prime rate interest is A) the rate the bank charges its most credit worthy borrowers B) the rate the bank charges for money it borrows from the federal reserved board C) the rate the bank charges its average borrowers D) the rate the bank charges on home mortgages A) the rate the bank charges its most credit worthy borrowers B) the rate the bank charges for money it borrows from the federal reserved board C) the rate the bank charges its average borrowers D) the rate the bank charges on home mortgages

Explanation / Answer

The prime interest rate is the rate which the bank charges on home mortgages.

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The prime rate of interest is: a. the rate the bank charges its most credit-wort