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11 October, 12:36

Alpha Bank has been advised by the Federal Bank to maintain its prescribed cash reserve ratio. What is cash reserve ratio?

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  1. 11 October, 12:58
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    Cash Reserve Ratio (CRR) is a certain percentage of the total deposits of customers that commercial banks are required to hold as cash reserves with the central bank. CRR is an essential monetary policy for controlling the money supply in an economy. The aim is to prevent banks from running out of cash in meeting the payment demands by the depositors.
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