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RAVI RAUSHAN

· started a discussion

· 1 Months ago

crr mesns (Question: 172035.0 )

meaning of crr

Question:

Which of the following is an outcome when CRR is reduced?

Options:
A)

Reduces demand for money

B)

Increase in interest rates

C)

Money supply is increased

D)

All of these

Solution:

When the Cash Reserve Ratio is reduced all the three listed above happens in an economy

Knowledge Expert

· commented

· 1 Months ago

Cash Reserve Ratio (CRR)
cash reserve ratio the proportion of a COMMERCIAL BANK'S total assets that it keeps in the form of highly liquid assets to meet day-to-day currency withdrawals by its customers and other financial commitments. The cash reserve ratio comprises TILL MONEY (notes and coins held by the bank) and its operational BALANCES WITH THE BANK OF ENGLAND. The cash reserve ratio is a narrowly defined RESERVE ASSET RATIO that can be used by the monetary authorities to control the MONETARY BASE of the economy.
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