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Quiz

If in an economy the initial deposits are rs.4,000 crore and Reserve Ratio...

Komal Kohli March 18, 2024

If in an economy the initial deposits are rs.4,000 crore and Reserve Ratio (RR) is 10%. The value of total deposit created would be rs _____ crore.

(Fill up the blank with correct alternative.) (A) 4,000 (B) 40,000 (C) 2,000 (D) 20,000

Ans. the correct alternative is: (B) 40,000