The prime rate is the base rate for any financial transaction. The prime rate is considered for each type of lending instruments by the bank. bank add a margin % over the prime rate and offer loan/instrument at the increased rate.
In the given case, the BestBank's Visa credit card discloses an A.P.R. of "Prime Rate + 5.74% to Prime Rate + 22.74%, which means the A.P.R is calculated on the basis of Prime rate and any change in prime rate will directly affect the A.P.R.
The Prime Rate has increased from 3.25% to 4.25%, it means the increase of 1%. Hence the A.P.R. Shall also increase by 1%.
Hence the correct answer is:
b. Increase in A.P.R by 1%
Unpaid reviews on reputable car sites.
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I think he felt that skin was attributable to climate and did not affect one's intelligence, character and personality so he was not a racist. While areas of the world like Latinamerica and Africa for example have many people with brown or black skin, they are every much as capable as people from more northern climates with white skin. The fact that, for example the Latin american areas had advanced civilizations like the Incas and Aztecs, the former with 1000's of kilometers of roads tying their empires together and the Aztecs with their monumental temples and both with advanced agriculture based on astronomical observations shows this is the case.
True, profits of a large corporation are taxed twice, once a corporate income and again as personal income of stockholders. This is because the corporation is taxed when they earn the profit but then the stockholders are taxed as it is paid out as income/earnings.
True. A monopolist does not face the same constraints as an open or free market but instead is bounded by the consumers' demand for its products. Therefore, the firm's decision about how much to supply is directly related to its demand curve because they can produce as much or as little as the consumes demand.
