The ________ is a benchmark set by each financial institution as the rate at which interest is charged to its most-favored (i.e., least risky) customers
A) LIBOR
B) prime rate
C) discount window rate
D) federal funds
B
You might also like to view...
Which of the following best describes the purpose of an intermediate error event?
A. Contains a series of activities that are hidden from view. B. Shows the interchange between two pools. C. Depicts the sequence of activities in one pool. D. Illustrates the process flow when an exception occurs.
The longest period in the SDLC is the maintenance phase
Indicate whether the statement is true or false
To include the personal assets and transactions of a business's owner(s) in the records and reports of the business would be in conflict with the:
A. Business entity assumption. B. Monetary unit assumption. C. Revenue recognition principle. D. Going-concern assumption. E. Objectivity principle.
In business, every decision can be covered by economic, legal, or company rules and regulations.
Answer the following statement true (T) or false (F)