The prime rate A) is the effective rate of interest for banks' - 4688

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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 

 

Answer: B Difficulty: Medium Type: Memorization 

 
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