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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 / praveen
lowered..........bcs at the time of inflation people start
saving insted of spending to increase the consumption level
of pepole.....RBI reduces the lending rate.....it helps to
public to barrow money at chaper rate n spend...
| Is This Answer Correct ? | 0 Yes | 9 No |
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