Market rate - How To Discuss

Market rate,

Definition of Market rate:

1. The current annual percentage rate of interest (whether charged on loans or accruing to investments) as determined by market forces.

2. The price currently asked for a commodity or service in a particular market.

3. The usual price in the market

   Example: We pay the market rate for temporary staff or We pay temporary staff the market rate.

How to use Market rate in a sentence?

1. The market rate for gold and other commodities is established by bids given by buyers and sellers in the Chicago Board of Trade.
2. We wondered what the market rate was that was usually paid and we each bet each other what the answer would be.
3. After Thanksgiving, the average market rate for a turkey skyrockets 50% for an average cost of a 13lb bird being a ridiculous $30!.