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Prime rate may best be defined as:

Looking for the answer to the question below related to Financial Management?

Prime rate may best be defined as:

 Options:

A. the rate the bank charges its most credit-worthy customers
B. the rate charged by the Bank of Canada to chartered banks
C. the rate paid by Canadian firms for eurodollar funds
D. the rate paid by firms on long term debt

 

The Correct Answer Is:

  • A. the rate the bank charges its most credit-worthy customers

 

Conclusion

I hope you got the answer to your question.

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