question archive Bank rate is the rate at which the CBO extends credit to the Select one: O a
Bank rate is the rate at which the CBO extends credit to the Select one: O a
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Bank rate is the rate at which the CBO extends credit to the Select one: O a. Foreign countries O b. Agriculture O c. Public O d. Commercial banks O e. None of these
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d. Commercial banks
Bank rate is the rate at which the central banks lend funds to domestic banks. This is generally used for giving out very short term loans without any collateral.
a.Incorrect the Bank rate is not applicable forforeign banks but to domestic banks.
b. Incorrect. The CBO generally does not extend credit to agriculture, rather the commercial banks do that job.
c.Incorrect. The Central bank does not lend money directly to the public.
e. Incorrect since d is correct
