Charges for loans paid by commercial banks to the Central Bank of Nigeria are called

Home » Past Questions » Commerce » Jamb » 2020 » Charges for loans paid by commercial banks to the Central Bank of Nigeria are called
Commerce JAMB 2020

Charges for loans paid by commercial banks to the Central Bank of Nigeria are called

  • credit charges
  • interest rates
  • bank charges
  • bank rates checkmark

The correct answer is: D

Explanation

Bank rate is the rate charged by the central bank for lending funds to commercial banks. 

Previous Question Next Question

Leave A Comment