1911 Encyclopædia Britannica/Bank Rate

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1911 Encyclopædia Britannica, Volume 3
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See also Bank rate on Wikipedia; and our 1911 Encyclopædia Britannica disclaimer.

​BANK RATE, 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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