The ________ is a rate of interest charged on business loans by the nation's leading banks to creditworthy business borrowers.
A) prime rate
B) commercial paper rate
C) federal funds rate
D) treasury bill rate
Correct Answer:
Verified
Q64: A loan that is usually a one-time
Q71: Short-term loans that businesses obtain from banks
Q72: Short-term, self-liquidating loans are intended to _.
A)
Q74: The higher the riskiness of a borrower,the
Q80: The effective interest rate for a discount
Q80: A commitment fee is the fee that
Q85: A _ is an agreement between a
Q90: A firm has a line of credit
Q96: The effective interest rate generally is _.
A)
Q99: Loans on which the interest is paid
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