Economics · Monetary Policy
An announcement by the RBI to increase the Cash Reserve Ratio (CRR) means that ______.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1the RBI will have less money to lend
- 2commercial banks will have to keep more gold deposits with the RBI
- 3commercial banks will have more money to lend
- 4commercial banks will have less money to lend✓
Correct answer
commercial banks will have less money to lend
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