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.

Question

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.

Team Careers360 · Accepted Answer

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.

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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.

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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.