Explain Repo rate, bank rate, reverse repo rate, cash reserve ratio, statutory liquidity ratio, open market operation
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Answer:
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Explanation:
1). Repo rate : It is the rate at which central bank of a country lends money to commercial banks in the event of any shortfall of fund .
2). Bank rate : It is the interest rate at which a national's central bank lends money to domestic banks, often in the form of very short term loans .
3). Reverse repo rate : It is the rate at which central bank of a country borrows money from commercial banks within the country.
4). Cash reserve ratio: CRR is a certain minimum amount of deposit that the commercial banks have to hold as reserves with the central bank .
5). Statutory liquidity ratio: SLR is the minimum percentage of deposits that a commercial bank has to maintain in the form of a liquid cash, gold or other securities .
6). Open market operation: OMO is an activity by a central bank to give take liquidity in its currency to or from a bank or a group of banks .
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