Question

Which of the following is not correct about repo rate?
a. It is the interest rate charged by the central bank on overnight loan
b. It is the interest rate paid by the commercial banks on overnight borrowing
c. It is the rate agreed upon in the loan contract between a commercial bank and the central bank
d. It is the cost of collateral security

Answer 1

Answer:

I think its (d)...

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Answer 2

Answer:

d is the correct answer...

Explanation:

it it is the cost of collateral security...

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