Assess graduate-level understanding of how central bank policy rate changes are transmitted to commercial bank lending and deposit rates; cover theoretical channels (interest-rate pass-through, bank balance-sheet effects, expectations, risk premia, liquidity and term-structure channels), empirical measures (pass-through coefficients, lags, asymmetries), and key determinants (market structure, funding composition, fixed vs. variable contracts, regulation); include conceptual explanation, interpretation of short empirical outputs, and a brief calculation of pass-through from hypothetical data.