Charges for loans paid by commercial banks to the Central Bank of Nigeria are called
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Correct Answer: Option D
Explanation:
Charges for loans paid by commercial banks to the Central Bank of Nigeria are called bank rates. It is the interest rate at which the Central Bank lends to commercial banks.
Charges for loans paid by commercial banks to the Central Bank of Nigeria are called bank rates. It is the interest rate at which the Central Bank lends to commercial banks.