what is central bank anf credit control ❓❓
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5
Answer:
Explanation:
The central bank uses the tool of bank rate to control volume of credit in an economy in such a way that when bank rate is low, the commercial banks borrow more from the central bank which increases the liquidity of commercial banks and they lend more money to the general public.
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1
Answer:
Reserve Bank of India
Explanation:
RBI
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