The Prime Rate

question 13

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) none of the other answers are correct

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Definitions:

Mischievously

In a manner that is playfully naughty or troublesome, often causing minor harm or irritation.

Altruistic Punishment

The finding that people will sometimes sacrifice their own gain for the betterment of all, by punishing people who cheat the system

Tradeoff

The balance achieved between two desirable but incompatible features; a compromise.

Prosocial Behavior

Actions intended to benefit others, including helping, sharing, donating, co-operating, and volunteering.