Although the Prime Rate Is the Rate That U

question 83

True/False

Although the prime rate is the rate that U.S. banks charge their most credit-worthy customers, the prime rate is normally higher than the London Interbank Offered Rate (LIBOR).

---

Definitions:

Backflow

The reverse flow of water or other substances into the pipes of a potable water supply from any source other than its intended source.

Migration

The movement of people from one place to another, often across political or economic boundaries, for various reasons including work, education, or escape from conflict.

Living Costs

The necessary expenses that individuals incur in order to maintain a standard of living, including housing, food, taxes, and healthcare.

Expected Gains

Anticipated benefits or profits that are expected from an investment, project, or decision.