Economics · Monetary Policy
Cash Reserve Ratio (CRR) is defined as ________.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The interest paid by commercial banks to their depositors
- 2The minimum percentage of a commercial bank's total deposits that must be kept with the Central Bank✓
- 3The liquid cash a commercial bank must keep in its own vault to meet daily demands
- 4The minimum amount a customer needs to maintain in their savings bank account
Correct answer
The minimum percentage of a commercial bank's total deposits that must be kept with the Central Bank
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