Can you tell me what is Bank Rate?
Others answers (2)
- eAnswers...Sep 5, 2013
The bank rate is the rate of interest at which Central Bank of a country lends money to the domestic banks. When a domestic bank has a shortage of funds, it borrows funds from the central bank according to the monetary policies of that country.
- RelationshipsMay 14, 2014
- 16 Acts Of Random Kindness That Will Revive Your Hope For The Future Of Mankind
- Show More