Which of the following statements about banking operations is CORRECT as they help banks to run their shops? A. The public heIds as much currency (M) as it desires to hold with it and therefore any additional money earned by it is placed in the form of deposits with banks. B. The banks lend all the deposits received by them from public up to the minimum legal cash reserve ratio requirement determined by the RBI. It means banks do not keep anv excess cash reserves with themselves. C. The minimum legal Cash Reserve ratio is set by the RBI. D. Bank’s assets are only in the form of Cash Reserves and loans and its liabilities comprise only of the demand deposits. - Study24x7
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Banking/IRDA
265 followers study24x7 17 Feb 2021 12:43 PM study24x7 study24x7

Which of the following statements about banking operations is CORRECT as they help banks to run their shops? A. The public heIds as much currency (M) as it desires to hold with it and therefore any additional money earned by it is placed in the form of deposits with banks. B. Th...

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A

Only (A)

B

Both (A) and (C)

C

Only (C)

D

Both (C) and (D)

E

All (A), (B), (C) and (D)

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