Which of the following interest rates is a bellwether (leading indicator) rate of bank lending to business?
Question:
Which of the following interest rates is a bellwether (leading indicator) rate of bank lending to business?
a. Unsecured business loan rate
b. Prime rate
c. Commercial paper rate
d. Banker’s acceptance rate.
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The correct answer is b Prime rate Explanation The prime rate is considered a bellwether rate of ban...View the full answer
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Related Book For 
Fundamentals Of Investments Valuation And Management
ISBN: 9781266824012
10th Edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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