Banking · Bank Rates
What is meant by 'Deposit Rate'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The rate at which banks borrow from the market
- 2The rate at which banks lend to the government
- 3The interest rate paid by banks on customers' fixed deposits✓
- 4The rate at which central bank borrows from commercial banks
Correct answer
The interest rate paid by banks on customers' fixed deposits
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