CBSE Class 12-commerce Answered
What is bank rate?
Asked by Topperlearning User | 18 Apr, 2016, 10:57: AM
Expert Answer
The bank rate is the rate at which the RBI raises credit to the commercial banks as a lender of last resort. When there is an increase or decrease in the bank rate, the market rate of interest will increase or decrease. Hence, the cost of credit varies in the market in accordance with the bank rate.
Answered by | 18 Apr, 2016, 12:57: PM
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CBSE 12-commerce - Macroeconomics
Asked by Topperlearning User | 18 Apr, 2016, 10:57: AM
ANSWERED BY EXPERTCBSE 12-commerce - Macroeconomics
Asked by Topperlearning User | 18 Apr, 2016, 10:57: AM
ANSWERED BY EXPERTCBSE 12-commerce - Macroeconomics
Asked by Topperlearning User | 18 Apr, 2016, 10:57: AM
ANSWERED BY EXPERTCBSE 12-commerce - Macroeconomics
Asked by Topperlearning User | 18 Apr, 2016, 10:57: AM
ANSWERED BY EXPERTCBSE 12-commerce - Macroeconomics
Asked by Topperlearning User | 18 Apr, 2016, 10:57: AM
ANSWERED BY EXPERTCBSE 12-commerce - Macroeconomics
Asked by Topperlearning User | 18 Apr, 2016, 10:57: AM
ANSWERED BY EXPERTCBSE 12-commerce - Macroeconomics
Asked by Topperlearning User | 18 Apr, 2016, 10:57: AM
ANSWERED BY EXPERTCBSE 12-commerce - Macroeconomics
Asked by Topperlearning User | 18 Apr, 2016, 10:57: AM
ANSWERED BY EXPERTCBSE 12-commerce - Macroeconomics
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