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The interest rate that banks use as a reference point for interest rates on a wide...

The interest rate that banks use as a reference point for interest rates on a wide range of loans to businesses and individuals is the _____.

Multiple Choice

discount rate

term auction rate

prime rate

real interest rate

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Answer #1

Answer :prime rate

(Prime rate is an interest rate fixed by banks .it always used as reference point for various types of loans to business and individuals)

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Answer #2

Prime interest rate is the interest rate that banks use as a reference point for interest rates on a wide range of loans to businesses and individuals.


answered by: studymoon
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