What is the interest rate offered by banks to only their most creditworthy commercial customers?
A) Fixed
B) Prime
C) Variable
D) Prime plus 1
E) Below prime

Question

Quizplus · Accepted Answer

The interest rate offered by banks to only their most creditworthy commercial customers is called the prime rate. It is typically a few percentage points above the federal funds rate and serves as a benchmark for other interest rates, such as those for mortgages and credit cards.

What Is the Interest Rate Offered by Banks to Only