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What is prime rate?
It is the lowest rate that banks lend money to busines or consumers.
It is the lowest rate that banks lend money to business' and consumers.
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Does the lowered federal funds rate affect the prime rate?
Yes it has an affect but it is NOT directly tied the prime rate so there might not be any effect.
The fed fund rate is what the gov. lends money to banks. The prime rate is really just what banks...
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What is a rate rate?
A rate rate is universally known as a synonym very good rate. For exmaple if someone were to say "We now connect at a very rate rate." it would be the same as saying "We now connect at a very good...
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How do you calculate prime lending rate?
Prime lending rate can be calculated by adding 300 basis points to the Federal Funds Rate, assuming you live in the U.S.
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What was v a t rate in 1973?
When VAT was introduced in 1973 it was at the rate of 10% shortly after its introduction some luxury items were raised to 25%. This was scrapped when a new rate of 15% was introduced by Thatcher in...