Answer to Question #227432 in Macroeconomics for Millicent

Question

What is 'Repo rate'?

Select one:

a. The rate at which commercial banks lend money to customers

b. none of the given options

c. The rate at which commercial banks borrow money from Reserve Bank

d. The rate at which commercial banks lend money to RESERVE BANK

Answer 1

c. The rate at which commercial banks borrow money from Reserve Bank