The Benchmark or Prime Rate of Interest for Overdrafts Varies

question 81

Multiple Choice

The benchmark or prime rate of interest for overdrafts varies directly with:

• A) demand for funds in the bond markets.
• B) varying demand and supply for funds in the short-term markets.
• C) varying demand and supply for funds in the long-term markets.
• D) changing asset prices.

---

Definitions:

Major Sections

Major sections are the primary divisions within a document, presentation, or work, organizing content into logically structured components for easier understanding.

Mobile Communication

The transfer of information over distances using wireless devices such as smartphones, tablets, and laptops, through technologies like cellular networks and Wi-Fi.

Small Screens

Refers to display devices with relatively diminutive dimensions, typically found on mobile phones, smartwatches, and some tablets.

Active Voice

A grammatical voice where the subject performs the action denoted by the verb, making sentences clearer and more direct.