Question #48620

The refinancing rate is ?

A) The interest rate at Which commercial banks lend to and borrow from each other

B) The interest rate the European Central Bank pays on reserves

C) The interest rates the public pays when borrowing from banks

D) The interest rates the European Central Bank charges on loans to banks

E) E. He interests rate banks pay on the public’s deposits

Answer: The refinancing rate is The interest rates the European Central Bank charges on loans to banks.

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