Banking Awareness - Basics Of Banking & Banking Terminology
Which interest rate primarily reflects the cost of borrowing from banks?
Which interest rate primarily reflects the cost of borrowing from banks?
hard Q9 of 15
Step-by-Step Solution
Step 1: Identify borrower cost
The question asks about borrowing cost.Step 2: Match with correct rate
Lending rate determines borrowing cost for customers.Final Answer:
Lending Rate → Option CQuick Check:
Borrowing cost = lending rate ✅
Quick Trick: Cost of loan = lending rate.
Common Mistakes:
- Using deposit rate to judge borrowing cost.
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