‘Bank rate’ is also referred to as ‘discount rate’, “is the rate of interest which central bank charges on loans and advances that it extends to commercial banks and other financial intermediaries” The central bank gives loans to commercial banks…
‘Bank rate’ is also referred to as ‘discount rate’, “is the rate of interest which central bank charges on loans and advances that it extends to commercial banks and other financial intermediaries” The central bank gives loans to commercial banks…