$7280, 9% of 8000 is 720 and they are free to loan everything except the $720.
$13,160
The U.S. government borrows money by
this is the amount of deposit the central bank authorise bank to keep them
70%
$6440 lol its three years later u prolly dont need this
$13,160
$8370
The U.S. government borrows money by
this is the amount of deposit the central bank authorise bank to keep them
$6440 lol its three years later u prolly dont need this
70%
Reserve
Reserve
Cash Reserve Ratio or CRR in India is the amount of money that every bank has to deposit with the RBI per customer. Every time a customer deposits cash to the bank, the bank has to correspondingly deposit a portion of that cash to the RBI. RBI decides this percentage of money that each bank has to deposit with it.
Cash Reserve Ratio or CRR in India is the amount of money that every bank has to deposit with the RBI per customer. Every time a customer deposits cash to the bank, the bank has to correspondingly deposit a portion of that cash to the RBI. RBI decides this percentage of money that each bank has to deposit with it.
It is called Cash Reserve Ratio. It is the % of money from the amount collected from depositors that needs to be maintained as deposit with the reserve bank. The bank cannot use this money for its financial needs. For Ex: if the CRR is 5% and you deposit $1000 into your account, the bank has to deposit $50 against your name
the portion of a deposit that a bank must keep on hand