Explained the difference between them and prevailing rates

Question

Accepted Answer

Prevailing rates are the current market rates, while 'them' refers to a specific set of rates being compared.

Prevailing rates are the rates that are currently being offered in the market.
'Them' refers to a specific set of rates that are being compared to the prevailing rates.
The difference between 'them' and prevailing rates can be positive or negative, depending on which set of rates is higher or lower.
For example, if 'them' refers to the interest rates offered by a particular bank, and prevailing rates are the average interest rates offered by other banks, then the difference between 'them' and prevailing rates would be the difference between the interest rates offered by the two banks.

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