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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
70%
this is the amount of deposit the central bank authorise bank to keep them
reserve ratio
Cash and near cash/Customers deposit and other current liabilities
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
Reserve
70%
Reserve
Reserve
this is the amount of deposit the central bank authorise bank to keep them
Ore
Reserve
reserve ratio
reserve ratio
Cash and near cash/Customers deposit and other current liabilities
The Federal Reserve provides deposit insurance and acts as a lender to commercial banks.