Economics · Monetary Policy (Bank Rate)
An increase in the Bank Rate generally leads to
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1An increase in only borrowing rates
- 2An increase in only savings rates, not borrowing rates
- 3A decrease in interest rates
- 4An increase in interest rates✓
Correct answer
An increase in interest rates
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