Question

what is bank rate policy how does it work as a method of credit control​

Answer 1

How does it work as a method of credit control? The bank rate is the minimum rate at which the Central Bank of a country is prepared to give credit to the commercial banks. The increase in bank rate increases the rate of interest and credit becomes dear. Accordingly, the demand for credit is reduced.

20ᴛʜɴx+ғᴏʟlσω=ɪɴʙᴏx+20ᴛʜɴx