In the United States,____ has traditionally provided a convenient starting point when estimating the interest charges associated with maintaining inventory.
A)Gross Domestic Product growth
B)Consumer Price Index
C)The prime rate of interest
D)The yield on US Treasury bills

Question

Quizplus · Accepted Answer

The prime rate of interest is traditionally used as a benchmark for estimating interest charges, including those associated with maintaining inventory, as it reflects the rate banks charge their most creditworthy customers.

In the United States,____ Has Traditionally Provided a Convenient Starting