CBSE BOARD XII, asked by varindakaushal79, 10 months ago

one numerical example of credit creation

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Answered by rohitbhhattach42

Explanation:

The process of credit creation by commercial banks is explained as follows: Suppose 'A' deposit Rs. 10,000 in a bank X, which is the primary deposit of the bank. The cash reserve requirement of the Central Bank is 10%.

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Answered by tanurakshu

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