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The prime rate is the rate at which the central bank lends to the commercial banks whiles the base rate is the rate at which the commercial banks lend to the public
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∙ 11y ago
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What is the difference between the prime interest rate and that charged by banks to the public?
The difference is that rates charged by banks to the public have an additional rate added to the prime rate based on creditworthiness and rating. Poor credit equals a higher interest rate and vice versa.
Difference between rack rate and nett rate?
i can't.
How often does the prime rate change?
The prime rate normally changes only when the national banks decide to raise or lower their base rate. The prime rate has been known to not change for years but it has also been known to change several times in one year. http://en.wikipedia.org/wiki/Wall_Street_Journal_prime_rate
What is the prime interest rate?
The "Prime Interest Rate" is the interest rate used by banks to base all their loan interest rates (and sometimes other interest rates) on and is usually lower than the lowest rate charged on loans to customers with the best credit ratings.
What is the difference between fix and variable mortgages?
The difference between fixed and variable mortgages are that in a fixed mortgage, the rate can not change. In a variable mortgage, the rate changes with time.
What is the difference between the prime interest rate and that charged by banks to the public?
The difference is that rates charged by banks to the public have an additional rate added to the prime rate based on creditworthiness and rating. Poor credit equals a higher interest rate and vice versa.
Difference between rate constant and specific rate constant?
There is no difference between them they are same rate constant is another name of specific rate constant
How much is the application rate for asphalt prime coat?
Prime sealing coat shall be MC30 or MC70 complying with ASSHTO M82 or as directed by the Engineer and shall be applied to the prepared sub-base layer at a rate between 0.8 and 1.2kg/m2 and at a temperature between 60' C and 80' C. Tests shall be carried out on site to determine the rate of spread of the prime sealing coat material.
What is the difference between mortality rate and death rate?
mortality rate - death rate
Difference between rack rate and nett rate?
i can't.
How often does the prime rate change?
The prime rate normally changes only when the national banks decide to raise or lower their base rate. The prime rate has been known to not change for years but it has also been known to change several times in one year. http://en.wikipedia.org/wiki/Wall_Street_Journal_prime_rate
What is the difference between BPLR and base rate system?
Banks gave loans at even lower than BPLR to blue chip companies while charged higher rate of interest from common people. This is why RBI has decided to scrape the BPLR system and introduced a Base Rate that will be applicable from July 1, 2011. Base rate will bring transparency in the loan segment as banks cannot give loans at rates lower than Base Rate.
What is the prime interest rate?
The "Prime Interest Rate" is the interest rate used by banks to base all their loan interest rates (and sometimes other interest rates) on and is usually lower than the lowest rate charged on loans to customers with the best credit ratings.
What is the difference between speed and rate?
The difference is, speed is how much you are going or using but rate is how much you have been going or using.
What is the basic interest that banks use?
Banks base their interest rates on the prime rate, which is the rate at which the Federal reserve gives for loans to financial institutions.
What is the difference between yield and coupon rate?
The difference between the coupon rate and the required return of a bond is dependent upon the type of bond. Junk bonds will have the biggest difference between its return and the coupon rate.
What is the difference between fix and variable mortgages?
The difference between fixed and variable mortgages are that in a fixed mortgage, the rate can not change. In a variable mortgage, the rate changes with time.
