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U.S. prime rate. The U.S. prime rate is in principle the interest rate at which a supermajority (3/4ths) of large banks loan money to their most creditworthy corporate clients. [1] As such, it serves as the de facto floor for private-sector lending, and is the baseline from which common "consumer" interest rates are set (e.g. credit card rates).
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For example, among the positive integers of at most 1000 digits, about one in 2300 is prime (log(10 1000) ≈ 2302.6), whereas among positive integers of at most 2000 digits, about one in 4600 is prime (log(10 2000) ≈ 4605.2). In other words, the average gap between consecutive prime numbers among the first N integers is roughly log(N). [3]
The American subprime mortgage crisis was a multinational financial crisis that occurred between 2007 and 2010 that contributed to the 2007–2008 global financial crisis. The crisis led to a severe economic recession, with millions losing their jobs and many businesses going bankrupt.
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