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 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question 
what is CRR????? WHAT DO U MEAN BY CRR???
 Question Submitted By :: Akanshita
I also faced this Question!!     Rank Answer Posted By  
 
  Re: what is CRR????? WHAT DO U MEAN BY CRR???
Answer
# 1		 
A cash reserve ratio (or CRR) is the percentage of bank 
reserves to deposits and notes. The cash reserve ratio is 
also known as the cash asset ratio or liquidity ratio. The 
Bank of England holds to a voluntary reserve ratio system. 
In 1998 the average cash reserve ratio across the entire 
United Kingdom banking system was 3.1%. Other countries 
have required reserve ratios (or RRRs) that are statutorily 
enforced (sourced from Monetary Macroeconomics by Dr. Pinar 
Yesin [1] ):

Country Required
Reserve
Ratio % 
Australia None 
Canada None 
Mexico None 
Sweden None 
United Kingdom None 
Eurozone 2.00 
Slovakia 2.00 
Switzerland 2.50 
Chile 4.50 
India 7.00 
Bulgaria 8.00 
Latvia 8.00 
Burundi 8.50 
Hungary 8.75 
China 12.50 
Pakistan 7.00 
Ghana 9.00 
United States 10.00 
Sri Lanka 10.00 
Estonia 15.00 
Zambia 17.50 
Croatia 19.00 
Tajikistan 20.00 
Suriname 35.00 
Jordan 80.00
 
Is This Answer Correct ?    19 Yes 3 No
Kanika
 
  Re: what is CRR????? WHAT DO U MEAN BY CRR???
Answer
# 2		 
crr means cash reserve ratio also kown as cash liquidity
ratio  all banks some amount put in RBI , RBI diside  evrey
financial situvation how much put Crr ratio
 
Is This Answer Correct ?    3 Yes 1 No
Nimmasudhakar Reddy
 
 
 

 
 
 
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