Compute the total credit money created by the banking system if the required reserved ratio is 15% for every ₹12,00,000 deposited in the banking…
CA Foundation · Business Economics · PYQS · January 2025
Compute the total credit money created by the banking system if the required reserved ratio is 15% for every ₹12,00,000 deposited in the banking system?
Suggested Answer and Working Notes:
Correct Answer: Option (D)
D. ₹1,50,00,000
Topics: Money Market