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____ is the official minimum rate at which the Central Bank of a country is prepared to rediscount approved bills held by the commercial banks

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____ is the official minimum rate at which the Central Bank of a country is prepared to rediscount approved bills held by the commercial banks

A).  Repo rate

B).  Bank rate

C).  Prime lending rate

D).  Reverse repo rate


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Answered by on | Votes 0 |

 Bank rate



Bank rate is the official minimum rate at which the Central Bank of a country is prepared to rediscount approved bills held by the commercial banks.

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