Economics · Banking System

The benchmark interest rate below which a commercial bank is generally not permitted to lend to its customers is known as the:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Bank rate
2Prime lending rate
3Base rate✓
4Deposit rate

Correct answer

Base rate

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The benchmark interest rate below which a commercial bank is generally not permitted to lend to its customers is known as the:

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The benchmark interest rate below which a commercial bank is generally not permitted to lend to its customers is known as the:

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