What is meant by the fractional reserve system? Why is it fundamental to modern banking?

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Principles of Economics

ISBN: 978-1285064437

7th edition

Authors: Fred M. Gottheil

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Question Posted: Apr 21, 2015 09:46 AM

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What is meant by the fractional reserve system? Why is it fundamental to modern banking?

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The fractional reserve system refers to the percent of a banks deposits that is held at th...View the full answer

Principles of Economics

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