Multiple choice

The specified minimum fraction of the total deposits of customers, which commercial banks have to hold as reserves as deposits with the central bank are called

  1. Corporate <font size="2">T</font>ax

  2. SLR

  3. CRR

  4. None of these

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Cash Reserve Ratio (CRR) is a specified minimum fraction of the total deposits of customers, which commercial banks have to hold as reserves either in cash or as deposits with the central bank.