The minimum amount which banks are required to deposit with the central bank is determined by the
a
liquidity ratio
b
cash reserve ratio
c
minimum lending rate
d
aggregate credit ceiling
Explanation
Correct Option
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Vansilva
6 years ago
Definition: Cash Reserve Ratio (CRR) is a specified minimum fraction of the total deposits of customers, which commercial banks have to hold as reserves either in cash or as deposits with the central bank. CRR is set according to the guidelines of the central bank of a country
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