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Mathematics, 03.06.2021 18:20 dwilliams635

Question 1 of 28 Which of the following accurately describes the requirements banks must
meet under a fractional reserve banking system?
A. Banks must get government approval for all loans.
B. Banks reserve the right to raise interest rates at any time.
C. Banks must pay a specific fraction of their assets in taxes.
D. Banks must keep a specific percentage of deposits on hand.

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