For the best customers, a bank will charge

Name: For the best customers, a bank will charge
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The prime rate is the interest rate that banks charge their best customers, which are typically large corporations or individuals with excellent credit scores. The prime rate is usually lower than other interest rates, such as the bank rate or T-bill rate, and reflects the bank's confidence in the customer's ability to repay the loan. Therefore, for the best customers, a bank will charge the prime rate.

For the Best Customers, a Bank Will Charge