If a bank has deposits of INR 50,00,000 and a reserve requirement of 10%, what is its excess reserves?
CA Foundation · Business Economics · MTP · January 2025
If a bank has deposits of INR 50,00,000 and a reserve requirement of 10%, what is its excess reserves?
Suggested Answer and Working Notes:
Correct Answer: Option (B)
B. INR 30,00,000
Topics: Price Determination in Different Markets
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