Economics · Monetary Policy
What is meant by the term "Bank Rate" in macroeconomics?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The official interest rate at which the central bank lends long-term funds to commercial banks✓
- 2The call money rate charged for short-term inter-bank loans
- 3The interest rate charged by commercial banks from their retail borrowers
- 4The interest rate paid by commercial banks to their depositors
Correct answer
The official interest rate at which the central bank lends long-term funds to commercial banks
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