Question
Banking and Financial Awareness Question on Basic Banking Concepts
Given a Cash Reserve Ratio (CRR) being 20%, the value of the money multiplier will be
A
3
B
20
C
10
D
5
Answer
5
Explanation
Solution
The Correct Option is (D): 5
Given a Cash Reserve Ratio (CRR) being 20%, the value of the money multiplier will be
3
20
10
5
5
The Correct Option is (D): 5