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Answer Posted / navya
THE RATIO OF MONEY THAT ALL SCHEDULED BANKS HAS TO
DEPOSIT WITH RBI IS KNOWN AS CRR.
THE RATE OF INTEREST A BANK PAYS TO RBI FOR THE MONEY
TAKEN BY IT FOR ITS URGENT REQUIREMENTS OR FOR ITS
SHORTTERM PURPOSE.
THE RATE OF INTEREST RBI PAYS TO THE BANK IS CALLED
REVERSEREPORATE.
| Is This Answer Correct ? | 6 Yes | 4 No |
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