Discussion Prompt & Information The topic of this discussion is on the banking system. Specifically answer this prompt: What are the benefits and drawbacks of a fractional reserve banking system? If you were in charge of making policy on our financial system, what required reserve ratio would you set and why? Note: Be sure to read and follow the instructions below for a detailed guide on what to do to earn full credit Instructions Post a "reply" to this prompt by Friday night at 11:59pm. In your post please include the following: 1. A detailed answer to the question with an explanation of your reasoning. 2. Include a detailed and accurate application of one or more of the concepts: fractional reserve banking, required reserve ratio, bank runs (risk of fractional reserve banking). By Sunday night at 11:59pm, please reply to at least two of your peer's posts. In each reply, please do one of the following: 1. Comment on two other students' posts respectfully, indicating what you agree why Discussion Prompt & Information The topic of this discussion is on the banking system. Specifically answer this prompt: What are the benefits and drawbacks of a fractional reserve banking system? If you were in charge of making policy on our financial system, what required reserve ratio would you set and why? Note: Be sure to read and follow the instructions below for a detailed guide on what to do to earn full credit Instructions Post a "reply" to this prompt by Friday night at 11:59pm. In your post please include the following: 1. A detailed answer to the question with an explanation of your reasoning. 2. Include a detailed and accurate application of one or more of the concepts: fractional reserve banking, required reserve ratio, bank runs (risk of fractional reserve banking). By Sunday night at 11:59pm, please reply to at least two of your peer's posts. In each reply, please do one of the following: 1. Comment on two other students' posts respectfully, indicating what you agree why