McqMate
| Q. |
Bank rate is |
| A. | The rate of interest charged by banks on their loans |
| B. | The rate of interest paid by banks on deposits |
| C. | Official discount rate at which the Central Bank rediscount approved bills of the commercial banks |
| D. | The interest paid by commercial banks to their beneficiaries |
| Answer» C. Official discount rate at which the Central Bank rediscount approved bills of the commercial banks | |
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