Q:What is the main use of SLR?
SLR is used to control inflation and propel growth. Through SLR rate tuning the money supply in the system can be controlled efficientlyQ:What is a Bank rate ?
The interest rate charged by a central bank to commercial banks for very short term loans.
Q:What is Balance on current account ?
A country's receipts minus payments for current account transactions. Equals the balance of trade plus net inflows of transfer paymentsQ:What is Balance of Payments?
A list, or accounting, of all of a country's international transactions for a given time period, usually one year. Payments into the country (receipts) are entered as positive numbers, called credits; payments out of the country (payments) are entered as negative numbers called debits. A single number summarizing all of a country's international transactions: the balance of payments surplus
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