Question
If indeed the deposits made by banks are ₹ 10 ,000
crore and legitimate reserve requirements are 40 percent, then the amount of initial deposits will beSolution
The money multiplier equals 2 .5 . So dividing 10 ,000 by 2 .5 , we arrive at an initial deposit figure of 4000 crores.
More ESI Questions
Find the missing character.
Find the missing number in the given number series.
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72, 79, 100, 135, 184, ?
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24, 35, 57, 90, 134, ? 41, 82, ?, 984, 4920, 29520
6, 20, 63, 193, ?, 1758
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188 178 158 ? 88 38
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