The prime rate
A) is the effective rate of interest for banks’ best customers.
B) has been quite volatile during the past two decades, moving as much as 8 percentage points in a 12-month period.
C) is usually lower than treasury bill rates.
D) none of the above
A) is the effective rate of interest for banks’ best customers.
B) has been quite volatile during the past two decades, moving as much as 8 percentage points in a 12-month period.
C) is usually lower than treasury bill rates.
D) none of the above
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