Economics · Monetary Policy
Cash Reserve Ratio (CRR) is defined as:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The minimum amount a customer needs to maintain in his bank account.
- 2The minimum percentage of deposits a bank has to maintain in the form of gold.
- 3The minimum percentage of a bank's total deposits that must be kept with the Central Bank.✓
- 4The interest rate paid by commercial banks to their depositors.
Correct answer
The minimum percentage of a bank's total deposits that must be kept with the Central Bank.
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