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Suppose in an economy the Cash Reserve Ratio announced by its central bank is 25 percent with initial deposits being Rs. 2000 crore. The total deposits created by the commercial banks will be:a)Rs. 500 croresb)Rs. 5,000 croresc)Rs. 6,000 croresd)Rs. 8,000 croresCorrect answer is option 'D'. Can you explain this answer? for Humanities/Arts 2024 is part of Humanities/Arts preparation. The Question and answers have been prepared according to the Humanities/Arts exam syllabus. Information about Suppose in an economy the Cash Reserve Ratio announced by its central bank is 25 percent with initial deposits being Rs. 2000 crore. The total deposits created by the commercial banks will be:a)Rs. 500 croresb)Rs. 5,000 croresc)Rs. 6,000 croresd)Rs. 8,000 croresCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Humanities/Arts 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Suppose in an economy the Cash Reserve Ratio announced by its central bank is 25 percent with initial deposits being Rs. 2000 crore. The total deposits created by the commercial banks will be:a)Rs. 500 croresb)Rs. 5,000 croresc)Rs. 6,000 croresd)Rs. 8,000 croresCorrect answer is option 'D'. Can you explain this answer?.

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