kwilson8427 kwilson8427
  • 29-08-2020
  • Business
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The cost of borrowing money that is reserved for large corporations with excellent credit ratings is called the

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andromache andromache
  • 29-08-2020

Answer:

Prime interest rate

Explanation:

The prime interest rate is the rate of interest in which the commercial bank charged for majorly all creditworthy customers as it focused only large corporations. It is to be figured out by the federal fund rate i.e. to be used for lending one to another

Therefore according to the given situation, the term we called prime interest rate as it is mostly focused to those corporations who have great credit ratings

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