Question

what is cash reserve ratio?

Answer 1

"Cash Reserve Ratio (CRR) is a certain minimum amount of deposit that the commercial banks have to hold asreserves with the central bank. CRR is set according to the guidelines of the central bank of a country"

Answer 2

Definition of Cash Reserve Ratio. Dec 23, 2015, 05.04 PM IST. Definition:Cash Reserve Ratio (CRR) is a certain minimum amount of deposit that the commercial banks have to hold asreserves with the central bank. CRR is set according to the guidelines of the central bank of a country.