Economy, asked by hlupuiatlangchhan, 1 month ago

bank rate is difined as the​

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Answered by ankananeha5
0

Answer:

Bank rate is the rate charged by the central bank for lending funds to commercial banks. ... Higher bank rate will translate to higher lending rates by the banks. In order to curb liquidity, the central bank can resort to raising the bank rate and vice versa.

Answered by pratikwazire
0

Answer:

Definition: Bank rate is the rate charged by the central bank for lending funds to commercial banks. ... Higher bank rate will translate to higher lending rates by the banks. In order to curb liquidity, the central bank can resort to raising the bank rate and vice versa.

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