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Bank rate is the rate of interest
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- at which public borrows money from Commercial Bank
- at which public borrows money from RBI
- at which Commerical Banks borrow money from RBI
- at which Commerical Banks borrow money from public
- at which public borrows money from Commercial Bank
Correct Option: C
Bank Rate is the interest rate at which a nation's central bank lends money to domestic banks. Managing the bank rate is a preferred method by which central banks can regulate the level of economic activity.
