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The percentage of deposits that a bank m...

The percentage of deposits that a bank must keep as cash reserves with itself is known as ______.

A

Liquidity Reserve Ratio

B

Statutory Liquidity Ratio

C

Capital Output Ratio

D

Cash Reserve Ratio

Text Solution

Verified by Experts

The correct Answer is:
D
Cash Reserve Ratio Explanation: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 set according to the guidelines of the central bank of a country.
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Aswe allknow Cash Reserve Ratio (CRR) is the percentage of the deposit banks keep in reserve with them. This ratio is also known as:

What is Cash Reserve Ratio?

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