The benchmark interest rate that banks charge to their best customers is termed:

Question

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The benchmark interest rate that banks charge to their best customers is typically a floating rate. This means that the rate can fluctuate over time in response to changes in market conditions, rather than being set at a fixed rate for the entire duration of the loan. A floating rate can be advantageous for borrowers if interest rates decrease, but it can also be risky if rates increase.

The Benchmark Interest Rate That Banks Charge to Their Best