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Define Bank Rate. - Economic Applications

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Questions

Define bank rate.

Define the following term:

Bank Rate

What is bank rate?

Definition

Solution

Bank rate is the rate at which the central bank provides credit to commercial banks.

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Monetary Policy of the Central Bank
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Chapter 9: Central Banks - QUESTIONS [Page 214]

APPEARS IN

Goyal Brothers Prakashan Economic Application [English] Class 10 ICSE
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QUESTIONS | Q 5. (a) | Page 214
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