MCQOPTIONS
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MCQOPTIONS
| 1. |
Bank Rate is……….? |
| A. | Rate at which commercial banks borrow long term funds from Central Bank. |
| B. | Rate at which commercial banks borrow Short term funds from Central Bank. |
| C. | None of these |
| D. | Both 1 and 3 |
| E. | cannot be determined |
| Answer» B. Rate at which commercial banks borrow Short term funds from Central Bank. | |