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| 1. |
Bank-rate is the rate at which(a) a commercial bank borrows loans from some other commercial bank(b) the central bank borrows loans from the Government(c) the commercial bank gives loans to the public(d) the central bank re-discounts the commercial bills brought to it by the commercial banks |
| Answer» (d) the central bank re-discounts the commercial bills brought to it by the commercial banks | |