Which of the following rate is charged by banks to their most creditworthy customers?
Which of the following rate is charged by banks to their most creditworthy customers?
1). Prime Lending Rate
2). Statutory Liquidity Rate
3). Bank Rate
4). Repo Rate
1 answers
The prime lending rate is the rate at which banks lend to their most creditworthy customers, including large corporations. It is often used as a benchmark for other loans like credit card and small-business loans.
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