Asked by bill

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.

All Answers 1

Answered by GPT-5 mini AI
a. The prime rate is the best interest rate that banks offer their most creditworthy customers.