what is LRR definition
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LRR (Legal Reserve Ratio) refers to that legal minimum fraction of deposits which the banks are mandate to keep as cash with themselves. TheLRR is fixed by the Central Bank. It has two components: 1.Cash Reserve Ratio2.Statutory Liquidity Ratio.
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Answer:
(Legal Reserve Ratio) refresh to the legal minimum faction of deposit which the bank are mandate to keep as cash with themselves .
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