the interest rate that commercial banks charge their most credit worthy customers * 1 point\n○ federal funds…
the interest rate that commercial banks charge their most credit worthy customers * 1 point\n○ federal funds rate\n○ discount rate\n○ prime rate\n○ interest rate
Answer
Brief Explanations:
The prime rate is the interest - rate that commercial banks charge their most credit - worthy customers. The federal funds rate is the rate at which banks lend to each other overnight. The discount rate is the rate at which banks can borrow from the Federal Reserve. A general "interest rate" is too broad a term.
Answer:
C. Prime Rate