By introducing ceilings on bank lending and deposit rates, it promoted interest rate flexibility.

Name: By introducing ceilings on bank lending and deposit rates, it promoted interest rate flexibility.
Brand: Quizplus
Rating: 4.8 (41 reviews)

Question

Quizplus · Accepted Answer

Introducing ceilings on bank lending and deposit rates restricts interest rate flexibility, as it sets fixed limits on how high or low these rates can go, reducing the ability of banks to adjust rates based on market conditions.

By Introducing Ceilings on Bank Lending and Deposit Rates, It