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2 Which of the following is true about a fractional reserve banking system? The central bank does not allow for this type of system. There
2 Which of the following is true about a fractional reserve banking system?
- The central bank does not allow for this type of system.
- There are no regulations concerning the portion of reserves banks must hold.
- It allows banks to loan out a portion of deposits and therefore create money.
- It is likely to fail as most people demand all of their money each day.
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The Economics of Women Men and Work
Authors: Francine D. Blau, Marianne A. Ferber, Anne E. Winkler
7th edition
978-0190670863, 019067086X, 132992817, 978-0132992817
