Question : ________________ is the rate at which the central bank lends money to commercial banks to meet their long term needs.
Option 1: Bank rate
Option 2: Repo rate
Option 3: Reverse repo rate
Option 4: Legal reserve reservation.
Answer (1)
20th Jan, 2024
Correct Answer:
Bank rate
Solution :
Bank rate is the rate at which the central bank lends money to commercial banks to meet their long term needs.
Hence, Option A is correct.
Comments (0)
Related Questions
Trending Articles/News
