Business Studies, asked by Kumar367, 4 months ago

What do you mean by bank rate? Discuss.

Answers

Answered by Legend42

2

Answer:

bank rate is the interest rate at which a nation's central bank lends money to domestic banks, often in the form of very short-term loans. Managing the bank rate is a method by which central banks affect economic activity

Answered by Kristy12

10

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. ... Base rate is the minimum rate set by the Reserve Bank of India below which banks are not allowed to lend to its customers.

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