The ratio of money held by the public in currency to that held as deposits in commercial banks is called . Option 1: Currency Deposit Ratio Option 2: Cash Reserve Ratio Option 3: Statutory Liquid Ratio Option 4: High Powered Money

The answer is 'Currency Deposit Ratio'. View full solution:

CUET Economics - The ratio of money held by the public in currency to that held as deposits in commercial banks is called . | PYQs + Solutions

CUET Economics 2023 30 May Shift 1

Macro

Easy

Currency Deposit Ratio

Cash Reserve Ratio

Statutory Liquid Ratio

High Powered Money

✅ Correct Option: 1

Related questions:

29 May Shift 2

As a bankers' bank, what is the role played by RBI?

A. Custodian of cash reserves

B. Maintain Foreign Exchange Reserves

C. Currency Issue

D. Lender of last resort

E. Clearing house

Choose the correct answer from the options given below:

29 May Shift 2

Arrange the following statements in chronological order with respect to open market operation.

(A) Bonds payments increases total reserves in the economy.

(B) RBI buys government bonds from the market.

(D) Higher reserves Increase money supply in the economy.

Choose the correct answer from the options given below:

30 May Shift 1

Electronic transfer of money in terms of credit/ debit entries of the account-holders in the banks is called____.