Define CRR and explain.
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CRR (cash reserve ratio) is the amount of the funds that bank have to maintain with rersve bank at all times
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Cash Reserve Ratio (CRR) is the amount of funds that banks have to maintain with the Reserve Bank of India (RBI) at all times. If the central bank decides to increase the CRR, the amount available with the banks for disbursal comes down. The RBI uses the CRR to drain out excessive money from the system.
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