A bank's prime interest rate refers to:
A) its cost of funds
B) the variable rate on housing loans
C) the rate that applies on loans to their lowest risk business borrowers
D) the rate that applies to business loans
E) the interest rate they earn on their holdings of securities
Correct Answer:
Verified
Q56: Banks improve the credit risk of bills
Q57: ADI deposit accounts do NOT offer depositors:
A)a
Q58: A bank accepts 90 day bills with
Q59: Fixed-term deposits:
A)are funds that are available at
Q60: Identify the INCORRECT statement regarding the income
Q62: What type of loan arrangement is most
Q63: Bill acceptance:
A)uses commercial bills, which are secured
Q64: A company that uses a bill facility
Q65: A process whereby a bank can sell
Q66: Housing loans are secured by a mortgage
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