In the United States,___________ has traditionally provided a convenient starting point when estimating the interest charges associated with maintaining inventory.
A)Gross Domestic Product growth
B)Consumer Price Index
C)the prime rate of interest
D)the yield on U.S.Treasury bills

Question

Quizplus · Accepted Answer

The prime rate of interest is traditionally used as a starting point for estimating the interest charges associated with maintaining inventory in the United States because it is a benchmark interest rate used by banks to set rates on many consumer loan products.

In the United States,___________ Has Traditionally Provided a Convenient Starting