What is the definition of prime rate?

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Prime Rate is the interest rate that commercial banks charge their most credit-worthy customers.

Expert answered|eikcid|Points 85|

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Asked 8/17/2011 8:59:40 AM

Updated 5/25/2015 11:16:02 PM

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This answer has been confirmed as correct and helpful.

Edited by yumdrea [5/25/2015 11:16:02 PM], Confirmed by yumdrea [5/25/2015 11:16:02 PM]

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