what is bank rate . define
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hi.
Bank rate, also referred to as the discount rate in American English, is the rate of interest which a central bank charges on its loans and advances to a commercial bank.
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Bank rate, also referred to as the discount rate in American English, is the rate of interest which a central bank charges on its loans and advances to a commercial bank.
hope it helps u
mark as brain list answer......
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Bank rate is the rate charge by the central bank for lending funds to commercial bank's.
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