What is the prime rate? What kind of loans is it charged on?

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Money Banking And The Financial System International Edition

ISBN: 978-1292000183

2nd Edition

Authors: R. Glenn Hubbard ,Anthony P Obrien

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Question Posted: Mar 16, 2024 11:00 PM

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What is the prime rate? What kind of loans is it charged on?

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The prime rate is a benchmark interest rate that banks use as a reference point for setting interest rates on various loans and financial products off...View the full answer

Money Banking And The Financial System International Edition

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