Question

The prime interest rate is offered by banks to customers with the largest accounts and with very high credit ratings.

A) True
B) False

Answer 1

A) True

Step-by-step explanation:

The prime interest rate is that rate which interprets the creditworthiness of the customer that means which have the highest credit rating, the bank or financial institution gives the prime rate to the customers who maintain the largest accounts with the bank or financial institution.

The prime interest rate depends on loans like a business, personal loans, etc