Initial deposits are say Rs.10000 crores and the legal reserve requirement proposed by the central bank is 10%
Find the amount of Credit Creation in the economy
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10000 crores and the legal reserve requirement proposed by the central bank is 10%. iii Credit Creation = Initial deposits x 1/LRR= 10000/0.1= Rs. 100000 croresStudents may provide a schedule for deriving the same.
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10000 crores and the legal reserve requirement proposed by the central bank is 10%.3)credit Creation=Initial deposists ×1/LRR=10000/0.1=RS.100000 crores students may provide a schedule for deriving the same.
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