The__________ is the lowest rate of interest charged on business loans to the best business borrowers by the nation's leading banks.
A) treasury bill rate
B) commercial paper rate
C) federal bond rate
D) prime rate

Question

Quizplus · Accepted Answer

The prime rate is the lowest interest rate charged by leading banks on business loans to their most creditworthy customers. The other options listed are not directly related to business loans or determining interest rates for them.

The__________ Is the Lowest Rate of Interest Charged on Business