Management Notes

Reference Notes for Management

Bank rate is

Bank rate is

Bank rate is

    1. The rate of interest charged by banks on their loans
    2. The rate of interest paid by banks on deposits
    3. Official discount rate at which the Central Bank rediscount approved bills of the commercial banks
    4. The interest paid by commercial banks to their beneficiaries

Correct Answer: Official discount rate at which the Central Bank rediscount approved bills of the commercial banks

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