• QNo.24 The percentage of demand deposits
which the commercial banks are legally required
to maintain as their liquid assets is called:
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37
ices
A. CRR
B. repo rate
C. SLR
D. reverse repo rate
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61
Response
73
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8
Total Questions: 90
Question Attempted :
Question remainning : 68
Answers
Answered by
0
Answer:
When the primary cash deposit in the banking system leads to multiple expansion in the total deposits, it is known as money multiplier or credit multiplier.
The value of Money Multiplier
=1LRR
where LRR = Legal Reserve Ratio.
Legal Reserve Ratio: It is the minimum ratio of deposits legally required to be kept by the commercial banks with
Answered by
0
Answer:
LRR
Explanation:
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