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Home / Questions / Q 17280
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Anonymous
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What are bank rates

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  1. eAnswers Team

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    Added an answer on March 29, 2018 at 3:34 pm

    Bank rates is the plural form of Bank rate and it is also referred to as the discount rate.Whenever a commercial bank borrow some money from the central bank then the central bank charges some money againt that and it is known as rate of interest.

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  2. eAnswers Team

    View Profile
    Added an answer on March 29, 2018 at 3:34 pm

    Bank rates is the plural form of Bank rate and it is also referred to as the discount rate.Whenever a commercial bank borrow some money from the central bank then the central bank charges some money againt that and it is known as rate of interest.

    • 0

  3. eAnswers Team

    View Profile
    Added an answer on March 29, 2018 at 3:34 pm

    Bank rates is the plural form of Bank rate and it is also referred to as the discount rate.Whenever a commercial bank borrow some money from the central bank then the central bank charges some money againt that and it is known as rate of interest.

    • 0

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