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But which rate?
The banks are asked at which rate each could borrow a "reasonable amount".
It typically takes two or three weeks after applying to learn which rate will be imposed.
On another occasion, Merchant stated which rate he wanted: "4.48 fixing [...or] I will get slaughtered".
As I go in, someone hands me the Sky News Top Trumps, which rate politicians on various attributes.
He noted that T-Mobile and Verizon Wireless, which rate highly in customer care surveys, run their own departments internally.
They have learned to live with, if not love, these metrics, which rate the number of highly cited papers an academic has written.
It was claimed this week that the certificates, which rate the energy efficiency of properties, do not take into account some of the latest alternative technologies.
In one email in December 2005, Merchant bluntly stated which rate he wanted: "4.48 fixing" – or "I will get slaughtered", as he wrote in another message.
"We're not in the business of selling anything," said Michael Spring, publisher of Frommer's travel guides, which rate hotels from one to three stars.
For much of this vote, we don't represent their interests any more and Ukip is prepared to voice their fears on immigration, which rate high in their politics".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com