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29 June, 14:45

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.

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  1. 29 June, 18:03
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    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.
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