Economics · Monetary Policy

The bank rate is defined as the rate at which:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Commercial banks borrow from each other
2The central bank lends long-term credit to commercial banks✓
3Commercial banks accept deposits from the public
4Commercial banks lend money to customers

Correct answer

The central bank lends long-term credit to commercial banks

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The bank rate is defined as the rate at which:

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