History, 06.05.2020 06:43 archersmithdrag

What does a "fractional reserve banking system" mean?
one that keeps only a small part of customers' deposits on hand
one that must keep most deposited money in reserve
one that is required to report daily deposits to the Federal Reserve
one that uses fractional paper currency as well as coins

Answers: 2

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What does a "fractional reserve banking system" mean?
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What does a "fractional reserve banking system" mean? one that keeps only a small part of customers' deposits on hand one that must keep most deposited money in reserve one that is required to report daily deposits to the Federal Reserve one that uses fractional paper currency as well as coins

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What does a "fractional reserve banking system" mean?
one that keeps only a small part of customers' deposits on hand
one that must keep most deposited money in reserve
one that is required to report daily deposits to the Federal Reserve
one that uses fractional paper currency as well as coins