ECONOMICS
MONEY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Money multiplier is
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1/ CRR
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1/ SLR
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1/ LRR
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NONE OF THESE
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Explanation:
Detailed explanation-1: -Where LRR is the legal reserve ratio. It is the minimum ratio of deposits that is legally required to be kept by the commercial banks of the economy with themselves and with the central bank of India, also known as the RBI.
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