The Prime Rate

question 27

Multiple Choice

The prime rate:

• A) is the annual rate of interest for banks' best customers.
• B) changes infrequently.
• C) is usually lower than treasury bill rates.
• D) is the annual rate of interest for the bank.

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Definitions:

Filter Arrows

Icons or buttons typically found in table headers or pivot tables in spreadsheet software that allow users to filter or sort data based on the column content.

Filter Button

A tool in spreadsheet and database applications that allows users to sort data based on specified criteria, making it easier to find specific information.

Table Column Heading

The labeled part of a table that describes the content of the column beneath it in a structured data set.

Worksheet Range

A selection of cells extending across rows and columns in a spreadsheet program, identified by the cell references of the upper left and lower right corners.