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If a person deposits ₹10,000 in …

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If a person deposits ₹10,000 in bank A and bank keeps ₹ 1,000 with it (CRR=10%) and lends ₹ 9,000 to person A. Person A gives this money to MR. B and MR.B deposits in bank A, then this deposit will be a primary deposit or secondary deposit for the bank? Why?
  • 2 answers

Pragya Tyagi 7 years ago

Primary deposit bcoz Mr B is a new account holder and the source of money does not hold significance when you are depositing money in your account.

Kanika Mastana 7 years ago

It will be a primary deposit
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