Question

The Cash Reserve Ratio refers to?

A the share of Net Demand and Time Liabilities that banks have to hold as liquid assets
B the share of Net Demand and Time Liabilities that banks have to hold as balances with the RBI
C the share of Net Demand and Time Liabilities that banks have to hold as part of their cash reserves
D the ratio of cash holding to reserves of banks
E None of the above
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