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What is the difference between LRR …

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What is the difference between LRR and CRR

    • Posted by Harsha Gulyani 4 years, 6 months ago

    CBSE > Class 12 > Economics
    • 1 answers

    Sia ? 4 years, 6 months ago

    LRR (Legal Reserve Ratio) refers to that legal minimum fraction of deposits which the banks are mandate to keep as cash with themselves. Cash Reserve Ratio (CRR)-It refers to cash reserves of Commercial Banks with the Central Bank as a percentage of their deposits.

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