Ask a Question
Question Asked by a Student from EXXAMM.com Team
Q 1587667587.     (The figures in this questions are imaginary). We suppose that Cash Reserve Ratio (CRR) in countrys economy is 10%. The banking system wish a cash deposits of Rs. 1000 Crore, creates total deposits of Rs. 10,000 Crores. The Reserve Bank wishes that bank should create more deposits. Which among the following step will be taken by the Reserve Bank?
(Provided By a Student and Checked/Corrected by EXXAMM.com Team)