What is the primary effect of an increase in the bank rate?

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Economics · Economics

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Increase in the interest rate

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Answer 1

Increase in the interest rate

Answer 2

Decrease in the interest rate

Answer 3

Increase only in the savings rate, not the lending rate

Answer 4

Increase only in the lending rate

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