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     EduGorilla 
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    Cash reserve ratio (CRR) is commonly used monetary instrument to affect monetary policy. Increase in CRR leads to
    1. Reduction in the number of loans being made by banks.
    2. Reduction in liquidity.
    3. Reduction in interest rates.
    4. Reduction in consumer spending.
    Select the correct code:

    Options :-

    1. 1, 2 and 3
    2. 1, 2 and 4
    3. 1, 3 and 4
    4. 2, 3 and 4
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