4367EconomicsMedium
The refinancing rate is?
AThe interest rates the public pays when borrowing from banks
BThe interest rate the European Central Bank pays on reserves
CHe interests rate banks pay on the public’s deposits
DThe interest rate at Which commercial banks lend to and borrow from each other
EThe interest rates the European Central Bank charges on loans to banks
Correct answer
E. The interest rates the European Central Bank charges on loans to banks
Explanation
The correct answer is The interest rates the European Central Bank charges on loans to banks.