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What is legal reserve ratio? How …

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What is legal reserve ratio? How does it influence the process of credit creation?

Posted by Hardik Kumar 4 years, 1 month ago

CBSE > Class 12 > Economics

3 answers

Manvi Gupta 4 years, 1 month ago

The amount kept by the bank from the public deposit is termed to be legal reserve ratio. If legal reserve ratio is more credit would be less and if it is low credit would b high

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Jaya Kathuria 4 years, 1 month ago

Amount of reserve that a bank has to keep with itself If LRR increases then the bank will be discouraged to provide credit and viceversa

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Aleena Mariam John 4 years, 1 month ago

The banks are required to keep a minimum amount as there reserve for further need it is called LRR

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