Consider the following statements with regard to SLR
1. To meet SLR, commercial banks can use cash only.
2. SLR is maintained by the banks with themselves.
3. SLR restricts the banks leverage in pumping more money into the economy.
Which of the statements given above is/are correct?

A) 1 and 2
B) 1 and 3

C) 2 and 3
D) Only 2

Correct answer:
C) 2 and 3


Please provide the error details in above question

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