The ________ is the lowest rate of interest charged on business loans to the best business borrowers by the nation's leading banks.
A) prime rate
B) commercial paper rate
C) federal funds rate
D) treasury bill rate

Question

Quizplus · Accepted Answer

The prime rate is the lowest rate of interest charged on business loans to the best business borrowers by the nation's leading banks. The commercial paper rate, federal funds rate, and treasury bill rate are all different interest rates used in various financial transactions, but they are not specifically related to business loans from leading banks.

The ________ Is the Lowest Rate of Interest Charged on Business