Economy, asked by Shubhankar7635, 1 year ago

What Is ‘prime Rate’?

Answers

Answered by ayaankhan01

5

Heya dear!❤☺

The prime rate is the interest rate that commercial banks charge their most creditworthy customers.

Hope it helps❤

Answered by xyeedaleena

4

Prime rate is defined as the lowest rate of interest at which money may be borrowed commercially.

Hey user I hope it helps you

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