Economics · Banking and Monetary Policy
What does the term 'bank rate' refer to?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rate of interest charged by a private sector bank on its loans to a commercial bank
- 2Rate of interest charged by a scheduled commercial bank on its loans to a private sector bank
- 3Rate of interest charged by a non-scheduled bank on its loans to individuals
- 4Rate of interest charged by a central bank on its loans to a commercial bank✓
Correct answer
Rate of interest charged by a central bank on its loans to a commercial bank
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