WHAT IS DIFFERENCE BETWEEN BANK RATE & REPO RATE
Answer Posted / anurag
Repo Rate is clear in above answers.
Bank rate, also referred to as the discount rate, is the
rate of interest which a central bank charges on the loans
and advances that it extends to commercial banks and other
financial intermediaries. Changes in the bank rate are
often used by central banks to control the money supply.
Is This Answer Correct ? | 5 Yes | 8 No |
Post New Answer View All Answers
Where is the market (for bonds/equities/FX) going?
What Is Non-traditional Options?
What are the details required to be included in the advertisements?
How To Create User Account?
Explain About Openpages Model Risk Governance?
What is the cost of debt?
What is cashier's cheque?
Which bank comes under the category of apex banks.
profit centres
Give an example when you faced some ambiguous situation. What did u do?
What is the Dow Jones Industrial Average/FTSE as of today's opening bell?
What is 'Eazypay' launched by ICICI Bank?
What Is The Difference Between Product Costs And Period Costs?
What is a cash flow statement? How is it different from a funds flow statement?
Any comments on G20 Summit?