Question

Bank Rate is also called as ________ rate. (rediscount / market / general / exchange), Fill in the blank with appropriate alternative given in the bracket.

Answer 1

hey mate!!!

here is the answer....

exchange rate....



hope it helps

Answer 2

Answer:

Redscount

Explanation:

Bank rate is the minimum rate of at  which the  central bank of a country provides loan to the commercial bank of the country

Bank rate is the also called discount rate because bank provides finance to the commercial bank by re discounting the bills of exchange

When central bank raises the bank rate the rate commercial bank raises their leading rates it result in less borrowing and reduce money