What is a fractional banking system

Fractional reserve banking is a banking system in which only a fraction of bank deposits are backed by actual cash on hand and are available for withdrawal. This is done to expand the economy by freeing up capital that can be loaned out to other parties.

i do not know if this question has options, but a main impact of the federal reserve act of 1913, which created the federal reserve bank, was the international use of the u.s. dollar, which soon became the world's leading currency - particularly during world war i, since many nations around the world asked the united states for money.

world war i began in 1914, after the assassination of archduke franz ferdinand, and lasted until 1918. during the conflict, germany, austria-hungary, bulgaria and the ottoman empire (the central powers) fought against great britain, france, russia, italy, romania, japan and the united states (the allied powers). to new military technologies and the horrors of trench warfare, world war i saw unprecedented levels of carnage and destruction. by the time the war was over and the allied powers claimed victory, more than 16 million people—soldiers and civilians alike—were dead.

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