The interest rate that banks use as a reference point for interest rates on a wide range

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The interest rate that banks use as a reference point for interest rates on a wide range of loans to businesses and individuals is the _____.

Multiple Choice

discount rate

term auction rate

prime rate

real interest rate

Related Book For answer-question

Modern Principles of Economics

ISBN: 978-1429278393

3rd edition

Authors: Tyler Cowen, Alex Tabarrok

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Posted Date: Feb 13, 2024 03:26 AM

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The interest rate that banks use as a reference point for interest rates on a wide range

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