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sweet [91]
3 years ago
5

What is the prime rate?

Business
2 answers:
Aloiza [94]3 years ago
6 0

The answer is: a. The prime rate is the best interest rate that banks offer their most creditworthy customers.

In order to be considered as 'creditworthy' , there are several requirements that must be fulfilled by the customers. Such as:

- The customers have collateral for their credit (could be in the form of saving account or private assets)

- The customers never maxed out their credit card

- The customers never late to pay their debt.

- The customers have a steady income.

UkoKoshka [18]3 years ago
3 0
I think the answer is A
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