____ is the official minimum rate at which the Central Bank of a country is prepared to rediscount approved bills held by the commercial banks.

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Mr. Dubey • 87.94K Points
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Q. ____ is the official minimum rate at which the Central Bank of a country is prepared to rediscount approved bills held by the commercial banks.

(A) Repo rate

(B) Bank rate

(C) Prime lending rate

(D) Reverse repo rate

Correct Answer - Option(B)
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