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Which rate represents the interest charged by banks on loans given to customers?

easy Q11 of 15
Banking Awareness - Basics Of Banking & Banking Terminology
Which rate represents the interest charged by banks on loans given to customers?
ALending Rate
BDeposit Rate
CReverse Repo Rate
DCRR
Step-by-Step Solution

  1. Step 1: Identify who pays interest

    The question asks about interest charged to customers.

  2. Step 2: Match with correct term

    Banks charge borrowers a lending rate on loans.

  3. Final Answer:

    Lending Rate → Option A

  4. Quick Check:

    Borrower pays → lending rate ✅
Quick Trick: Loan given → lending rate charged.
Common Mistakes:
  • Confusing lending rate with deposit rate.
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