What are the components of LRR - Economics - Money and Banking

Question

What are the components of LRR?

Manisha Nayyar · Accepted Answer

Legal Reserve Ratio (LRR) is a certain minimum fraction of
deposits which is legally compulsory for the banks to keep as cash
The two components of LRR are Cash Reserve Ratio (CRR) and
Statutory Liquidity Ratio (SLR) This
topic is extensively covered in our study material
To get details of the same, follow
the below link, then go to Macroeconomics chapter-3(Money and
Banking) Topic-3(Functions of Reserve Bank of India and Instruments
of Monetary Policy)

http://cbse meritnation
com/textbook-cbse-XII-Commerce/1/15/16/341/studymaterials
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