lsquo LAF rsquo is a monetary policy instrument which allows banks to borrow money through repurcha...........

Banking and Financial Awareness (IBPS RRB CL) Banking Awareness

‘LAF’ is a monetary policy instrument which allows banks to borrow money through repurchase agreements. The alphabet ‘L’ in the abbreviation ‘LAF’ stands for……………

Leverage

Legitimate

Liquidity

Liability

Local

Explanation:

‘LAF’ is a monetary policy instrument which allows banks to borrow money through repurchase agreements. The alphabet ‘L’ in the abbreviation ‘LAF’ stands for Liquidity Adjustment Facility.