The bank rate means?

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Q 1588156907.     The bank rate means?


A

Rate of interest charged by commercial banks from borrowers

B

Rate of interest at which commercial banks discounted bills of their borrowers

C

Rate of interest allowed by commercial banks on their deposits

D

Rate at which RBI purchases or re-discounts bills of exchange of commercial banks

HINT


Solution
(Provided By a Student and Checked/Corrected by EXXAMM.com Team)

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