Economy, asked by sknazeer2606, 5 months ago

what is bank rate what are the effects of changes
in bank rate

Answers

Answered by shamaera14514

Answer:

Managing the bank rate is a method by which central banks affect economic activity. Lower bank rates can help to expand the economy by lowering the cost of funds for borrowers, and higher bank rates help to reign in the economy when inflation is higher than desired.

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