Q
The refinancing rate is ?
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A
A. The interest rate at which commercial banks lend to and borrow from each other
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B
B. The interest rate the european central bank pays on reserves
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C
C. The interest rates the public pays when borrowing from banks
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D
D. The interest rates the european central bank charges on loans to banks
Correct Answer:
D. D. The interest rates the european central bank charges on loans to banks
