Question

what mean by CRR in economy ​

Answer 1

Answer:

Cash Reserve Ratio

Definition: Cash Reserve Ratio (CRR) is a specified minimum fraction of the total deposits of customers, which commercial banks have to hold as reserves either in cash or as deposits with the central bank. ... CRR is a crucial monetary policy tool and is used for controlling money supply in an economy.

Answer 2

Cash Reserve Ratio
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.




Not spammed



Mark as brainlist... please
Follow me for more solutions