state gov APPSC (ఆంధ్రప్రదేశ్) Group 2 (Pre + Mains) Mock Test 2023 General Knowledge Economy Money and Banking
With regard to the Currency Deposit Ratio (CDR), all of the following is true, EXCEPT:
1
It depends on seasonal pattern of expenditure.
2
It is a behavioural parameter.
3
During festive season the CDR typically declines.
4
It reflects people's preference for liquidity.