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Question

Other name for legal reserve requirement is ________________.


A
Cash reserve ratio
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B
Statutory liquidity ratio
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C
Variable reserve ratio
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D
Bank rate
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Solution

The correct option is C Variable reserve ratio
The variable reserve ratio is a new method of credit control used by central banks in recent times. The variable reserve ratio device springs from the fact that central bank, as a Bankers Bank, must hold a part of the cash reserves of commercial banks.

Economics

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