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What is cash reserve ratio (CRR)?

+3 votes

asked Mar 12, 2018 in Class 12 by kratos

What is cash reserve ratio (CRR)?

money
money and banking
class-12
banking
central banking

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1 Answer

+3 votes

answered Mar 3, 2020 by kratos

Best answer

The CRR is a certain percentage of bank deposits which commercial banks are required to keep with the RBI in the form of reserve funds.

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