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    Question

    The minimum rate at which the central bank re-discounts bills held by commercial banks is called:

    A Repo Rate Correct Answer Incorrect Answer
    B CRR Correct Answer Incorrect Answer
    C Bank Rate Correct Answer Incorrect Answer
    D Prime Lending Rate Correct Answer Incorrect Answer

    Solution

    Bank rate is the minimum rate at which the central bank re-discounts bills held by commercial banks.

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