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Distinguish Between Any Four of the Following : Bank Rate and Interest Rate. - Economics

Distinguish between Any Four of the following :  

Bank rate and Interest rate. 

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Solution

Basis of difference Bank rate Interest rate
Meaning Rate that the central bank charges on loans to the commercial banks Rate that commercial banks charges on loans to general public
Rate Decided by the central bank Decided by the banks; different for various deposits
Concept: Repo Rate and Reverse Repo Rate
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