Economics · Money and Banking
The currency deposit ratio (cdr) is defined as the ratio of:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Total bank credit extended to total demand deposits
- 2Currency held by the public to total demand deposits✓
- 3Cash reserves held by banks to total demand deposits
- 4Total bank deposits to total cash reserves held by banks
Correct answer
Currency held by the public to total demand deposits
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