Roder Industries is a multinational production firm.Invo Bank is the firm's major financier in the United States.The bank offers short-term loans to Roder at a very low rate and the bank considers Roder to be its best customer.The interest rate the Invo bank charges on these short-term loans are called ________ interest rate.

Question

Quizplus · Accepted Answer

A)Prime interest rate is the lowest rate of interest that banks charge for short-term loans to their most creditworthy customers. Here prime interest rate is charged for Roder's loans.
B)Prime interest rate is the lowest rate of interest that banks charge for short-term loans to their most creditworthy customers. Here prime interest rate is charged for Roder's loans.
C)Prime interest rate is the lowest rate of interest that banks charge for short-term loans to their most creditworthy customers. Here prime interest rate is charged for Roder's loans.
D)Prime interest rate is the lowest rate of interest that banks charge for short-term loans to their most creditworthy customers. Here prime interest rate is charged for Roder's loans.
E)Prime interest rate is the lowest rate of interest that banks charge for short-term loans to their most creditworthy customers. Here prime interest rate is charged for Roder's loans.

Roder Industries Is a Multinational Production Firm