Question

All > Business, Finance & Law

LauraWilson: 1 year ago

What does a reserve mean when referring to the interest on a car loan

Answer This Question

Report as

Answer 1

KevinAM: 1 year ago

In reference to the interest on a car loan, a reserve means the rate at which the Federal Reserve requires when interest is added onto loan repayment. It is used as a policy tool to encourage changes in interest rates as per the economic state.

Helpful Fun Thanks for voting Comments (0)

Report as

Add a comment...