Question: The bank rate means---
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a.The rate at which commercial banks lend money
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b.The rate at which central banks lends money to commercial bank
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c.The rate at which interest on deposite is fixed
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d.The rate at which commercial banks lend to others commercial banks
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e.None of these
Answer: b
 The rate at which commercial banks lend money b) The rate at which central banks lends money to commercial bank c) The rate at which interest on deposite is fixed d) The rate at which commercial banks lend to others commercial banks e) None of these Ans. b) The rate at which central banks lends money to commercial bank
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