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

Bank rate refers to:

Question

Bank rate refers to:

Options:

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: Option C
:
C

Option: (c)

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