a commercial bank mobilises rs 250 cr deposit from general public. the bank is required to keep 20% as LRR . How much deposit will be created by the bank through their lending activity . explain with the help of a table.
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Explanation:
According to CRR, 4% of the Bank deposit is kept as cash reserve for daily transactions in Indian bank. Explanation: Cash Reserve Ratio suggests that Indian banks should require possessing a specific proportion of money deposits in the form of cash
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