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CBSE Questions for Class 12 Commerce Economics Money And Banking Quiz 13 - MCQExams.com
CBSE
Class 12 Commerce Economics
Money And Banking
Quiz 13
During depression, it is advisable to ___________.
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lower bank rate and purchase securities in the open market
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increase bank rate and purchase securities in the open market
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decrease bank rate and sell securities in the open market
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increase bank rate and sell securities in the open market
Explanation
During depression, it is advisable to lower bank rate and purchase securities in the market because it will encourage borrowings and investment.
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