DMPQ: Explain the following terms: ( Econmomy) a) Bank rate b) Merchant discount rate c) Open Market operations d) Repo rate e) MSF
Bank rate: Bank rate is the rate at which RBI lends long term to commercial banks. Bank rate is a tool which RBI uses for managing money supply. Merchant discount rate: It is a charge to a merchant by a bank for accepting payment from their customers in credit and debit cards every time … Read more DMPQ: Explain the following terms: ( Econmomy) a) Bank rate b) Merchant discount rate c) Open Market operations d) Repo rate e) MSF