Economy, asked by rahulmahanandia81, 9 months ago

calculate the value of money multiplier and total deposit created if initial deposit is rs4000 crore and LRR is 10%

Answers

Answered by pratikganguly13

3

Answer:Rs. 40,000

Explanation:

LRR = 10%

Therefore, money multiplier = 100/10 = 10

Hence, total money deposited = 10* 4000

= Rs. 40,000

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