The Lowest Rate of Interest Charged by Banks for Short-Term

question 27

Multiple Choice

The lowest rate of interest charged by banks for short-term loans to their most creditworthy customers is known as the:

• A) all of these are appropriate references
• B) reference rate
• C) base lending rate
• D) prime interest rate

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Definitions:

Hexagonal

Relating to a shape or object having six angles and sides, often used in reference to cross-sectional shapes of bolts or nuts.

Abbreviation

A shortened form of a word or phrase used for convenience.

M

Often used as an abbreviation for "meter" in metric measurements or as a designation for thousands in units of measure.

Internal Threads

The threads located within a hole or bore, allowing for the screwing in of a mating part with external threads.