Define Cash Reserve Ratio.
Answers
Answered by
2
hi mate....
hope dis hlps.....
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 specifications give greater control to the central bank over money supply.
#be brainly....^_^ ^_^ ^_^
hope dis hlps.....
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 specifications give greater control to the central bank over money supply.
#be brainly....^_^ ^_^ ^_^
Attachments:
Answered by
1
cash reserve ratio refers to the percentage of total deposits that the commercial banks maintain in the form of cash reserve with the central banks
Similar questions