Bible Encyclopedias
Bank Rate
1911 Encyclopedia Britannica
A term used in financial circles to designate the rate of discount charged in the chief monetary centres by the state or leading bank, as opposed to the open-market rate. (See MARKET: Money market.)
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Bibliography Information
Chisholm, Hugh, General Editor. Entry for 'Bank Rate'. 1911 Encyclopedia Britanica. https://www.studylight.org/encyclopedias/eng/bri/b/bank-rate.html. 1910.