what is the role of bank rate in credit control ?
Answers
Answered by
1
Answer:
The bank rate is the interest rate charged by the central bank at which it provides rediscount to banks through the discount window. The central bank controls credit by making variations in the bank rate. If the need of the economy is to expand credit, the central bank lowers the bank rate
Answered by
0
Answer:
accountancy of rate is the interest rate charged by the central bank at which it provides rediscount to banks through the discount window. The central bank controls credit by making variations in the bank rate. If the need of the economy is to expand credit, the central bank lowers the bank
this is my own answer friend
Similar questions