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when the reserve bank of india announces an increase of the cash reserve rate, what does it mean

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Q.

When the Reserve Bank of India announces an increase of the Cash Reserve Rate, what does it mean?

[A] The commercial banks will have more money to lend

[B] The Union Government will have less money to lend

[C] The Reserve Bank of India will have less money to lend

[D] The commercial banks will have less money to lend

Answer & Explanation
Option: [D]

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