A reduction in the bank rate makes borrowing by the commercial banks:
A) more expensive.
B) too difficult.
C) relatively unattractive.
D) less expensive.

Name: A reduction in the bank rate makes borrowing by the commercial banks: A) more expensive. B) too difficult. C) relatively unattractive. D) less expensive.
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Question

Quizplus · Accepted Answer

A reduction in the bank rate lowers the cost of borrowing for commercial banks, making it less expensive for them to obtain funds.

A Reduction in the Bank Rate Makes Borrowing by the Commercial