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WHAT DO U MEAN BY REPO RATE???
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Answer Posted / sannu
Discount rate at which a central bank repurchases government
securities from the commercial banks, depending on the level
of money supply it decides to maintain in the country's
monetary system. To temporarily expand the money supply, the
central bank decreases repo rates (so that banks can swap
their holdings of government securities for cash), to
contract the money supply it increases the repo rates.
Alternatively, the central bank decides on a desired level
of money supply and lets the market determine the
appropriate repo rate.
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The following Trial Balance was extracted from the books of Chetan.Do you think that it is correct? If not,rewrite it in the correct form. Debits Rs Credits Rs ------------------------------------------------------------ Stock |8250 | Capital |10000 Purchases |12750 | Sales |15900 Returns outward |700 |Returns inwards |1590 Discount received|800 |Discount allowed |800 Wages & salaries |2500 |Scooty |1750 Rent and rates |1850 |Carriage charges |700 Sundry debtors |7600 |Sundry Creditors |7250 Bank Overdraft |2450 |Bills payable |690
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