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nmer $2024/$ ECO$2040102-10018202430($SECOND SUMMER $2024)/$ Exam $2($online$)$ xam $2($online$)$

Time left $0$:$33$:$24$

In a fractional reserve banking system:

Select one:

a$.$ the reserve ratio $(rr)$ is less than one.

b$.$ the reserve ratio $(rr)$ can be greater than the required reserve ratio $($rrr$).$

c$.$ banks usually loan out most of their customers' deposits.

d$.$ All of the above.

$?$