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What is actually the formula of …

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What is actually the formula of credit multiplier, is it in terms of crr or lrr

    • Posted by Apoorva Rathore 5 years, 8 months ago

    CBSE > Class 12 > Economics
    • 4 answers

    Himanshi Kumari 5 years, 8 months ago

    Both LRR an CRR values can be taken, if both are given take LRR according to formula that is MONEY MULTIPLIER= 1/LRR ?.....

    2Thank You

    Sakshay Aggarwal 5 years, 8 months ago

    Both crr and lrr

    1Thank You

    Khushi Varshney 5 years, 8 months ago

    firstly we would consider 1/LRR AND WHEN IT IS NOT GIVEN THEN 1/CRR

    3Thank You

    Prince Vishwakarma 5 years, 8 months ago

    Formula for money multiplier Money multiplier =1/Reserve Ratio

    2Thank You

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