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In June 2013 the CRR of Bank in the country was
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- 4%
- 8%
- 12%
- 16%
Correct Option: A
The CRR of Bank in the country in June 2013 was 4% Cash Reserve Ratio (CRR) is a specified minimum fraction of the total deposits of customers, which commercial banks have to hold as reserves either in cash or as deposits with the central bank.