Economic MCQ: When the Reserve Bank of India announces an increase of the Cash Reserve Ratio, what does it mean ? | Extra Education

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When the Reserve Bank of India announces an increase of the Cash Reserve Ratio, what does it mean ?

Correct Answer: The commercial banks will have less money to lend

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WhatsApp+91 99922 70404Economic MCQ: When the Reserve Bank of India announces an increase of the Cash Reserve Ratio, what does it mean ? | Extra Education