Economy, asked by siddharth6769, 11 months ago

What is bank rate ? Explain.

Answers

Answered by anishka56

$\huge\blue{Answer}$

Bank rate, also known as discount rate in American English, is the rate of interest which are Central Bank charges on its loans and advance to our commercial bank.

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Answered by Anonymous

Answer:

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

Explanation:

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