All rates of interest in a country are influenced by the
Answer Details
The bank rate influences all rates of interest in a country. The bank rate is the interest rate at which a country's central bank lends money to its commercial banks, and this rate affects the interest rates that commercial banks charge their customers for loans and other financial products. As a result, changes in the bank rate can cause a ripple effect throughout the economy, impacting everything from mortgage rates to credit card interest rates to savings account yields. The other options listed - population growth rate, wage rate, and mortgage rate - do not directly impact all interest rates in a country in the same way as the bank rate.