What is the value of money multiplier when initial deposits are ₹ 500 crores and LRR is 10%?
What is the value of money multiplier when initial deposits are ₹ 500 crores and LRR is 10%?
(a) 0.1
(b) 0.2
(c) 10
(d) 20
Anurag Pathak Changed status to publish December 28, 2023
Ans – (c)
Explanation:-
Money Multiplier = 1/LRR
Money Multiplier = 1/10%
Money Multiplier = 100/10
Money Multiplier = 10 times
Anurag Pathak Changed status to publish December 28, 2023
