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"Market rate of" vs "Market rate for"

Both "market rate of" and "market rate for" are commonly used phrases in English. They are interchangeable in many contexts, but the choice between them can depend on the specific sentence structure or personal preference.

Last Updated: March 23, 2024

Market rate of

This phrase is correct and commonly used in English.

This phrase is used to refer to the rate associated with a particular market or industry. It is often followed by the specific market or industry being discussed.

Examples:

  • The market rate of gold has been steadily increasing.
  • What is the market rate of interest for home loans?
  • They are offering the market rate of pay for this position.
  • The market rate of return on investments is quite high.
  • We need to consider the market rate of inflation in our financial planning.

Alternatives:

  • market rate for

Market rate for

This phrase is correct and commonly used in English.

This phrase is used to indicate the rate that applies to a particular market or industry. It is often followed by the specific market or industry being discussed.

Examples:

  • What is the market rate for this product?
  • They are offering the market rate for services in this area.
  • The market rate for software developers is quite high.
  • We need to research the market rate for rental properties in this neighborhood.
  • The bank is offering a competitive market rate for mortgages.

Alternatives:

  • market rate of

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