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प्रश्न
The process of money creation or credit creation is done by ______
पर्याय
commercial banks
Central bank
World bank
Rural bank
MCQ
उत्तर
commercial banks
Explanation:
The LRR (Legal reserve ratio) permits commercial banks to maintain a portion of their deposits in reserve while using the balance to extend loans. This process' cycle of transactions aids in the creation of money.
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