For initial deposit of ₹ 6,00,000, the credit creation is calculated at ₹ 50,00,000. What is Required Reserved Ratio (RRR)?
CA Foundation · Business Economics · PYQS · September 2025
For initial deposit of ₹ 6,00,000, the credit creation is calculated at ₹ 50,00,000. What is Required Reserved Ratio (RRR)?
Suggested Answer and Working Notes:
Correct Answer: Option (A)
A. 12%
Topics: Money Market