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The minimum charge at which the Central Bank lend to commercial banks is called?

Commerce
WAEC 2002
The minimum charge at which the Central Bank lend to commercial banks is called?
  • A. discount rate
  • B. bank rate
  • C. market rate
  • D. interest rate
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Correct Answer: Option B
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts