what happens to the bank rate during inflation ?
(A)kept constant (B) Raised (C) Lowered (D) None of
these
Answers were Sorted based on User's Feedback
Answer / abhishek dutta
Bank Interest ( Interest on Money Deposited in the Bank )
is reduced to pump out money from the economy and
simultaneously Interest on Loans is raises ( Again for the
same reason)
Is This Answer Correct ? | 2 Yes | 3 No |
Answer / praveen
lowered..........bcs at the time of inflation people start
saving insted of spending to increase the consumption level
of pepole.....RBI reduces the lending rate.....it helps to
public to barrow money at chaper rate n spend...
Is This Answer Correct ? | 0 Yes | 9 No |
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