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The U.S. fractional reserve system requires that at each depository institution funds be held in reserve equal to a certain percentage of which one of

The U.S. fractional reserve system requires that at each depository institution funds be held in reserve equal to a certain percentage of which one of the following?

  1. Deposit liabilities

  2. Securities held

  3. Stockholders equity

  4. Loans secured by real estate

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