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Define bank rate

Updated: 9/14/2023
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Manny25

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12y ago

Best Answer

The rate of discount set by a central bank

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Becca Buttram

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2y ago
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Q: Define bank rate
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What is repo rate define in Hindi?

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The rate at which the private banks lend to reserve bank of India is known as?

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Bank rate, also referred to as the discount rate, or it is the rate of interests which a central bank charges on the loans and advances that it extends to commercial banks and other financial intermediaries. Changes in the bank rate are often used by central banks to control the money supply.