the rate of interest charged on inter-bank transactions

the rate at which banks lend to its prime borrowers

the maximum rate that banks can pay for deposit

the rate at which banks rediscount bills with RBI

Bank rate refers to:

1.	Bank rate refers to:
A.	the rate at which banks lend to its prime borrowers
B.	the maximum rate that banks can pay for deposit
C.	the rate at which banks rediscount bills with RBI
D.	the rate of interest charged on inter-bank transactions
Answer» D. the rate of interest charged on inter-bank transactions

Discussion