Question
Which of the following statements is true concerning a fractional reserve banking system? A. In this system a fraction of the banks receive deposits
Which of the following statements is true concerning a fractional reserve banking system? A. In this system a fraction of the banks receive deposits and the remaining fraction make loans. B. Banks maintain a fraction of deposits on hand to meet the daily needs of their customers. OC. By law banks must loan out a fraction of the deposits they receive. OD. A fractional reserve banking system only is operational when gold and silver are used as currency.
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Exploring Economics
Authors: Robert L Sexton
5th Edition
978-1439040249, 1439040249
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