____ is the official minimum rate at which the Central Bank of a country is prepared to rediscount approved bills held by the commercial banks?

Repo rate
Bank rate
Prime lending rate
Reverse repo rate

LohaHridoy

4 views

2025-01-04 04:42

1 Answers

AhmedNazir

Answer: Option 2

Bank rate is the official minimum rate at which the Central Bank of a country is prepared to rediscount approved bills held by the commercial banks.

4 views Answered 2022-09-01 13:21

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