Which of the Following Types of Interest Rates Change Daily

question 129

Multiple Choice

Which of the following types of interest rates change daily?

• A) the prime rate
• B) the federal funds rate
• C) the discount rate
• D) the corporate rate

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Definitions:

Income Taxes

Taxes levied by a government directly on income, both earned (salaries, wages, commissions) and unearned (dividends, interest, rents).

Petty Cash Fund

A small amount of cash on hand used for minor, incidental expenses within a business or organization.

Small Purchases

Transactions involving the procurement of goods or services with relatively low financial value.

Office

A room or set of rooms designated for the administrative or professional activities of a business, organization, or individual.