Economy, asked by akankshamohanty1409, 1 month ago

Bank rate is the rate related to borrowing by the --------------.

Answers

Answered by kamanasri

Answer:

Definition: Bank rate is the rate charged by the central bank for lending funds to commercial banks. Description: Bank rates influence lending rates of commercial banks. Higher bank rate will translate to higher lending rates by the banks.

Answered by Anonymous

Answer:

Bank rate is the rate related to borrowing by the central bank

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