Prime Interest Rate Is the ________

question 51

Multiple Choice

Prime interest rate is the ________.

• A) lowest rate of interest that banks charge for short-term loans
• B) average rate of interest charged by banks on their customers
• C) interest rate that the Federal Reserve charges on loans
• D) interest that the Federal Reserve pays for deposits
• E) interest rate banks charge to their least creditworthy customers

---

Definitions:

Tollin's Test

A qualitative chemical test used to differentiate between aldehydes and non-reactive ketones based on the reduction of ammoniacal silver nitrate.

Glycosidic Linkages

Bonds that connect sugar molecules in carbohydrates, formed between hydroxyl groups of two sugar molecules.

Ruff Degradation

A chemical reaction used to shorten the carbon chain of sugars by one carbon atom through oxidation.

Optically Active

Describes compounds that have the ability to rotate the plane of polarized light, a property often associated with the presence of chiral centers.