The Benchmark Interest Rate That Banks Use as a Reference

question 24

Multiple Choice

The benchmark interest rate that banks use as a reference point for a variety of consumer and business loans is the

• A)federal funds rate.
• B)prime interest rate.
• C)discount rate.
• D)Treasury bill rate.

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Definitions:

Regularization

A method in machine learning that reduces the model complexity to prevent overfitting by adding a penalty on the larger weights.

Sound Bytes

short clips of audio, often extracted from longer pieces of content, that are memorable, impactful, and easily shared.

Phonemes

The tiniest elements of sound within a language that can differentiate one word from another.

Morphemes

The smallest grammatical units in a language that carry meaning, such as roots, prefixes, and suffixes.