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Foreign Exchange and Exchange Rate

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Question

______________ refers to the minimum percentage of total demand and time deposits to be kept by commercial banks with the central bank.

[0.80 marks]

A

Cash Reserve Ratio

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B

Statutory Liquidity Ratio

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C

Repo Rate

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D

Reverse Repo Rate

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Solution

The correct option is A Cash Reserve Ratio
Cash Reserve Ratio refers to the minimum percentage of total demand and time deposits to be kept by commercial banks with the central bank.

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