A popular prepaid card which carry balances that can be spent electronically in stores until the balance entered on the card is fully used up, often used like a credit card, especially popular in Europe, is known as an adjustable rate card. True False A customer wants to borrow $25,000 for one year. TRC State Bank has a discount loan with an interest rate of 15 percent. How much of the loan will be available to the customer? $25.000 $28,750 $22,500 $21.250 None of the above A bank has a listed prime rate of 7%. They have estimated that the marginal cost of raising funds is 5%, their default risk premium on a loan is 1.5% and that they want a profit margin of 2%. They have also estimated that the term risk premium is 5%. What is the interest rate this bank will charge if they use the price leadership model and the prime rate as their base rate)? 8.5% 9% 12% 9.5% None of the above