Question

    What does PLR stand for? 

    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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