Social Sciences, asked by userarpita23, 2 months ago

what is bank rate? answer fast this question​

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Answered by Anonymous
3

Answer:

Bank rate, also known as discount rate in American English, is the rate of interest which a central bank charges on its loans and advances to a commercial bank.

Answered by Anonymous
1

Answer:

Bank rate : refers to the rate of interest at which the RBI lends money to the commercial banks .

Explanation:

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