bank rate is difined as the
Answers
Answered by
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
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.
Explanation:
this is the answer
hope it helps you
please follow
Similar questions