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Question
How much percentage of a bank's deposits does the bank hold as cash?
How much percentage of a bank's deposits does the bank hold as cash?
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Solution
The correct option is A 4%
Banks in India these days hold about 4 per cent of their deposits as cash. This is kept as provision to pay the depositors who might come to withdraw money from the bank on any given day.
Banks in India these days hold about 4 per cent of their deposits as cash. This is kept as provision to pay the depositors who might come to withdraw money from the bank on any given day.
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