Which among the following is called the rate of interest charged by RBI for lending money to various commercial banks by rediscounting of the bills…
CA Foundation · Business Economics · MTP · June 2024
Which among the following is called the rate of interest charged by RBI for lending money to various commercial banks by rediscounting of the bills in India?
Suggested Answer and Working Notes:
Correct Answer: Option (A)
A. Bank rate
Topics: Money Market