Question
____ is the official minimum rate at which the Central Bank of a country is prepared to rediscount approved bills held by the commercial banks.
____ is the official minimum rate at which the Central Bank of a country is prepared to rediscount approved bills held by the commercial banks.
- Repo rate
- Bank rate
- Prime lending rate
- Reverse repo rate
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Money Banking and Financial Markets
Authors: Stephen Cecchetti, Kermit Schoenholtz
4th edition
007802174X, 978-0078021749
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