1. In the U.S., the prime interest rate is the ____

interest rate that banks charge each other for short-term, often overnight, loans

interest rate the Fed charges member banks

interest rate banks charge their best customers

interest rate on U.S. dollar deposits in overseas banks

None of the above

2. LIBOR is the ____

interest rate that banks charge each other for short-term, often overnight, loans

interest rate the Fed charges member banks

interest rate banks charge their best customers

interest rate on U.S. dollar deposits in overseas banks

None of the above