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      Question

      What does PLR stand for?Β 

      A Priority Loan Ratio Correct Answer Incorrect Answer
      B Prime Liquidity Ratio Correct Answer Incorrect Answer
      C Public Legal Rate Correct Answer Incorrect Answer
      D Public Loan Rate Correct Answer Incorrect Answer
      E Prime Lending Rate Correct Answer Incorrect Answer

      Solution

      The interest rate charged by banks to their largest, most secure, and most creditworthy customers on short-term loans. This rate is used as a guide for computing interest rates for other borrowers.

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