Bank rate means :
A. The rate at which commercial bank advances loans.
B. The rate at which central bank rediscounts the bills of commercial banks.
C. The rate at which moneylenders advance loans to commercial banks.
D. The rate at which banks advances loans to public.
Answer:B
Bank rate means :
A. The rate at which commercial bank advances loans. B. The rate at which central bank rediscounts the bills of commercial banks. C. The rate at which moneylenders advance loans to commercial banks. D. The rate at which banks advances loans to public.