What is a bank rate? – McqOptions

MCQOPTIONS

1.	What is a bank rate?
A.	Rate at which Central bank of a country advances loans toÂ other banks in the country
B.	Rate at which banks advance loans to the customers
C.	Rate at which banks lend among themselves
D.	Rate at which banks lend to money lenders
Answer» B. Rate at which banks advance loans to the customers

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