A) An Increase in aggregate savings
B) A rise in Budget Deficit
C) A rise in aggregate money supply
D) A rise in the use of credit cards
Correct Answer: C
Solution :
Cash reserve Ratio (CRR) is a specified minimum fraction of the total deposits of customers, which commercial banks have to hold as reserves with the Reserve Bank of India. If the central bank decides to increase the CRR the available amount with the banks comes down, and vice versa.You need to login to perform this action.
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