Wsjprimerate.us term interest rate in the banking system of the United States
Title
U.S. Prime Rate
Description
Excerpted from the website:
- The Wall Street Journal® Prime Rate (WSJ Prime Rate) is a commonly-used, short-term interest rate charged by banks when they lend money to other banks, or to their "prime" business customers. Most American banks and credit unions use this index as a foundation for their short-term loan products; the rate is consistent because banks want to offer businesses and consumers loan products that are both profitable and competitive.
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