Which of the following statements is correct regarding the bank reserves?
I. These reserves are kept partly as cash and partly in the form of financial instruments.
II. Cash Reserves Ratio are deposits that commercial banks keep with the Reserve Bank of India.
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Q:
Which of the following statements is correct regarding the bank reserves?
I. These reserves are kept partly as cash and partly in the form of financial instruments.
II. Cash Reserves Ratio are deposits that commercial banks keep with the Reserve Bank of India.
- 1Only IIfalse
- 2Both I and IItrue
- 3Only Ifalse
- 4Neither I nor IIfalse
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