GCECommerceBanking and Finance2023

The minimum amount of money that commercial banks in Nigeria are required by the Central Bank of Nigeria to keep in reserve is known as

Aliquidity ratio
Bcash reserve ratioCORRECT
Cbank rate
Dopen market operations
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Toaster Teacher
Why the answer is B, and why the others tempt you.
The cash reserve ratio (CRR) is the mandatory percentage of a commercial bank's total deposits that must be kept with the central bank as reserves. This is a monetary policy tool used to control the money supply. The liquidity ratio is broader and includes other liquid assets, not just cash reserves.
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