Economy, asked by R100V100, 1 day ago

if crr is scrapped as a legal equirement, do you think the banks can create unlimited amount of money supply?

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Answered by rishitharam
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Answered by shivasinghmohan629
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Explanation:

(Q7) If CRR is scrapped as a legal requirement, do you think the banks can create unlimited amount of money supply ? Ans: No. Even if CRR is scrapped as a legal requirement, the commercial banks must continue to hold some cash reserves as a percentage of their demand deposits..

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