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when the reserve bank of india announces an increase of the cash reserve ratio, what does it mean
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Question
When the Reserve Bank of India announces an increase of the Cash Reserve Ratio, what does it mean ?
A
The commercial banks will have more money to lend
B
The commercial banks will have less money to lend
C
The Reserve Bank of India will have less money to lend
D
The Union Government will have less money to lend
Answer & Explanation
Option: [B]
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