Multiple choice

Bank rate is the interest rate, charged on which of the following?

  1. Loans taken by banks from banks

  2. Loans taken by banks under bills re-discounting

  3. Loans taken on gold

  4. Loans taken by banks under bill discounting

  5. All of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Yes, it is correct choice. Bank rate  is the interest rate is charged on Loans taken by banks under bills re-discounting.

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