CameraIcon

SearchIcon

MyQuestionIcon

72

You visited us 72 times! Enjoying our articles? Unlock Full Access!

Issued at Premium and Redeemed at Par

What is meant...

Question

What is meant by legal reserve requirements?

Open in App

Solution

Legal reserve requirements refer to the minimum percentage of total deposits (time deposits and demand deposits), required to be kept by the commercial banks themselves and with the central bank.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Other name for legal reserve requirement is ________________.

Q. What is meant by Reserve?

What is meant by 'Capital Reserve'?

Q. How can a central bank control excess demand in an economy by making changes in the legal reserve requirements?

Q. What is meant by Cash Reserve Ratio?

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Issued at Par and Redeemed at Par

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Issued at Premium and Redeemed at Par

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon