Economy, asked by lalgirdhari002, 9 months ago

what is meant by CRR

Answers

Answered by dhanwantisahu2

1

Answer:

CENTRAL RECORD RECIPIENT

Answered by jitendrakumarsha2432

19

Answer:

Definition: Cash Reserve Ratio (CRR) is a certain minimum amount of deposit that the commercial banks have to hold as reserves with the central bank. CRR is set according to the guidelines of the central bank of a country. ... If the CRR is 9%, then the bank will have to hold additional Rs 9 with the central bank.

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