मराठी

Define Bank Rate.

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प्रश्न

Define bank rate.

Define the following term:

Bank Rate

What is bank rate?

व्याख्या
लघु उत्तर
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उत्तर १

Bank rate is the rate at which the central bank provides credit to commercial banks.

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उत्तर २

The ‘bank rate’ or ‘discount rate’ refers to the interest rate at which the central bank provides loans and advances to commercial banks or rediscounts their approved bills of exchange and government securities. By adjusting this rate, the central bank regulates the amount of credit available in the economy.

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Monetary Policy of the Central Bank
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