Accountancy, asked by nosheenkhilji711, 3 months ago

Given a reserve ratio of 20% in initial deposit of ₹1,000 in a banking system would create secondary deposit of_______.

Answers

Answered by vermagaurav8500

5

Answer:

Second deposit will be RS.800

Explanation:

secondary deposit= Original deposit- reserve taken by RBI

=1000-20% of 1000= 1000-200=rs800

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