Economy, asked by prateek163, 1 year ago

Explain the components of Legal Reserve Ratio.

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Answered by kajalsindhu252004

0

The two components of Legal Reserve Ratio are: (i) Cash Reserve Ratio (CRR) It refers to the minimum percentage of a bank's total deposits required to be kept with the Central Bank. ... The major components of liquid assets are cash in hand, reserves with the RBI and government and other approved securities.

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