The prime rate is the rate that large banks charge their best corporate customers for loans. The graph shows how the prime rate charged by a particular bank has varied in recent years. Answer the
following questions by reading the graph as best you can.
Prime rate (%)
10
01
1992
January 2004
Mid-2005
No
(a) What was prime rates in the following periods?
Mid-1995
%
1994 1996 1998 2000 2002
Year
No
%
2004
%
(b) In what time period was the prime rate below 5%?
after ---Select--- until ---Select---
(c) On the basis of the data provided by the graph given, can the prime rate be considered a function of time?
Yes
2006
Can time be considered a function of the prime rate?
Yes
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