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prime rate

Page history last edited by Brian D Butler 10 years, 11 months ago

 

Does the Federal Reserve control or set the prime rate?

 

No, banks set their own rates based on the demand for various kinds of loans, the cost of money to the banks, and the administrative costs of making loans.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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