During the Great Recession,the Prime Rate Quoted by Most Banks

question 101

Multiple Choice

During the Great Recession,the prime rate quoted by most banks has fallen to ________%.

• A)5.5.
• B)4.25.
• C)3.25.
• D)1.25.

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Definitions:

Net Margin

A financial metric that shows the percentage of revenue remaining after all operating expenses, interest, taxes, and preferred stock dividends have been deducted from a company's total revenue.

Sales

The process of selling goods or services to customers in exchange for money or other compensation.

Net Margin

A profitability metric calculated as net income divided by revenue, expressed as a percentage, indicating how much of each dollar in revenues is translated into profits.

Sales

The activity or business of selling goods or services to customers.