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12th Class Economics Money And Banking Question Bank MCQs - Money and Banking

  • question_answer
    Which of the following is/are the important component(s) of credit creation process?

    A) Legal reserves

    B) Bank rate

    C) Primary deposits 

    D) Both [a] and [c]

    Correct Answer: D

    Solution :

    The entire credit creation process majorly depends upon two components i.e., legal reserve ratio and amount of primary deposits.


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