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History, 26.03.2020 21:55 jeremiahsingleton

What does a "fractional reserve banking system" mean?
one that must keep most deposited money in reserve
one that keeps only a small part of customers' deposits on hand
one that is required to report daily deposits to the Federal Reserve
one that uses fractional paper currency as well as coins

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What does a "fractional reserve banking system" mean?
one that must keep most deposited money...
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