What happens when the central bank increases the bank rat...
What happens when the central bank increases the bank rate in an economy?
Borrowing is discouraged
Customers increase their borrowing
Banks can increase their lending
Money supply increases
Correct answer is A
Central bank discourage borrowing when bank rate is increased. Bank rate is one of the ways the central bank control money supply in an economy. If the bank rate is high, the supply of money will fall and vice versa.
A characteristic of a debenture is that ...
A state budget is an outline of planned ...
The total revenue of the firm is represented by ...
Which of the following is an invisible term? ...
Government revenue will increase if taxes are levied on goods with ...
ECOWAS has taken a giant step towards economic integration by ...
In order to build up its capital stock, the typical less-developed country should ideally ...