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what happens to the bank rate during inflation ?
(A)kept constant (B) Raised (C) Lowered (D) None of
these
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Answer Posted / abhishek dutta
Bank Interest ( Interest on Money Deposited in the Bank )
is reduced to pump out money from the economy and
simultaneously Interest on Loans is raises ( Again for the
same reason)
| Is This Answer Correct ? | 2 Yes | 3 No |
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