$500billion
Answer :-It is the rate at with Reserve bank of India allows commercial bank to borrow money from the Reserve bank of India as per their eligibility for refinance.
25 billion
the bank
The process of paying a bank to let you borrow money is called "interest."
The person who borrow money.
When you borrow money from a bank they pull cash from the bank's reserves. This collection of cash is the net cash reserves within the bank or its network from depositors in the system.
whom should you see at the bank if you need to borrow money? worksheet answer key
Repo rate is the rate at which banks borrow money from the central bank of that country. So if the central bank (say reserve bank of india) hikes its repo rate, it becomes costly for banks to borrow money from RBI so they in turn hike the loan interest rates at which customers borrow money from them to compensate for the hike in repo rate.
2
we take/borrow money from the commercial banks and the commercial banks take/borrow money from the reserve bank
A bank employee that helps customers borrow money would be called a loan officer.
No, you cannot borrow money from the bank in Monopoly to pay for properties or other expenses.