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Which one of the following statement defines the term “Reverse Repo Rate?a)The rate at which the commercial banks borrow money from RBIb)The rate at which RBI borrows from other banksc)The rate at which the commercial banks borrow from each otherd)None of the above.Correct answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Which one of the following statement defines the term “Reverse Repo Rate?a)The rate at which the commercial banks borrow money from RBIb)The rate at which RBI borrows from other banksc)The rate at which the commercial banks borrow from each otherd)None of the above.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which one of the following statement defines the term “Reverse Repo Rate?a)The rate at which the commercial banks borrow money from RBIb)The rate at which RBI borrows from other banksc)The rate at which the commercial banks borrow from each otherd)None of the above.Correct answer is option 'A'. Can you explain this answer?.

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