Legal Reserve Ratio (LRR) is that ratio of deposits which banks are legally bound to keep in the form of cash with themselves and with the Central Ban
Legal Reserve Ratio (LRR) is that ratio of deposits which banks are legally bound to keep in the form of cash with themselves and with the Central Bank
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Correct Answer - True The percentage ( ratio ) of deposits that banks keep with themselves is called SLR and what they keep with Central Bank is called CRR.
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