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What is meant by legal reserve …

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What is meant by legal reserve ratio?

    • Posted by Deepanshu Kawal 5 years, 10 months ago

    CBSE > Class 12 > Economics
    • 2 answers

    Sumit Toshniwal 5 years, 10 months ago

    It is sum of CRR and SLR

    1Thank You

    Srishti Rajput 5 years, 10 months ago

    the commercial bank is asked to keep the certain amount of deposits as reserve. The ratio in which it is asked to keep the reserve is known as legal reserve ratio

    2Thank You

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