English, asked by manu94087, 8 months ago

LRR and money creation has


LRR and money creation has
​

Answers

Answered by Anonymous
4

Credit or money creation by banks is based on amount of initial deposits by the public and the legal reserve ratio. Legal reserve ratio or the LRR is a proportion of the total amount of deposits which are legally compulsory for the banks to keep as cash.

Answered by abhishekghosh2112
0

Answer:

Credit or money creation by banks is based on amount of initial deposits by the public and the legal reserve ratio. Legal reserve ratio or the LRR is a proportion of the total amount of deposits which are legally compulsory for the banks to keep as cash.

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