What is the term used for the interest rate at which the Reserve Bank of India (RBI) lends money to commercial banks?
Question
Solution 1
The term used for the interest rate at which the Reserve Bank of India (RBI) lends money to commercial banks is called the "Repo Rate".
Here are the steps to understand this:
-
The Reserve Bank of India (RBI) is the central bank of India, which controls the monetary policy of the Indian rupee.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI
Similar Questions
What do we call the rate at which the Reserve Bank of India lends money to commercial banks?a.Repo Rateb.Reverse Repo Ratec.CRRd.SLR
The is the difference between the interest rate a bank earns on a loan and the interest rate it pays.
The interest rate banks charge their customers is known as the _____ rate.A.mortgageB.primeC.securitiesD.discount
Which among the following entities other than banks is/are permitted by RBI to accept deposits and lend money? a. Co-operative Credit Societies b. NBFC
. Banks provide a higher rate of interest on which one of the following accounts?
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.