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History, 15.04.2020 21:28 Alexmills6093

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...
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