The CRR is the most frequently used quantitative
credit controls since?
1947
2011
1995
1991
Answers
Answered by
1
Answer:
1947 is correct answer
Answered by
0
Answer:
The Correct Answer is 1947. CRR is the most frequently used quantitative credit controls since 1947.
Explanation:
CRR stands for Cash Reserve Ratio. Under this, every commercial bank active today must have to hold a certain amount of minimum deposit with the Central Bank. Cash Reserve Ratio is the ratio of these deposit in reserves against the total deposits that bank have. Banks are not able to lend this deposit to any of the borrowers plus they can't use for themselves as well. Neither do they get interest on this money nor they can keep it for themselves in any way.
Similar questions