Mindtap™ Introduction To Business Printed Access Card For Pride/hughes/kapoor's Foundations Of Business
Mindtap™ Introduction To Business Printed Access Card For Pride/hughes/kapoor's Foundations Of Business
4th Edition
ISBN: 9781285773520
Author: Pride/Hughes/Kapoor
Publisher: Cengage Learning
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Chapter 16, Problem 15CC
Summary Introduction

To determine: The meaning of prime rate and the individual who get prime rate.

Introduction: Prime rate or prime lending rate alludes to the most reduced business interest rate charged by banks at a specific time. It is likewise utilized as the reference rate for the bank for every last bit of its different rates.

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