1. In the U.S., the prime interest rate is the ____
interest rate that banks charge each other for short-term, often overnight, loans
interest rate the Fed charges member banks
interest rate banks charge their best customers
interest rate on U.S. dollar deposits in overseas banks
None of the above
2. LIBOR is the ____
interest rate that banks charge each other for short-term, often overnight, loans
interest rate the Fed charges member banks
interest rate banks charge their best customers
interest rate on U.S. dollar deposits in overseas banks
None of the above