Social Studies, 27.09.2019 21:10 yfnal3x

Which of the following statements is true concerning a fractional reserve banking system? a. by law banks must loan out a fraction of the deposits they receive. b. in this system a fraction of the banks receive deposits and the remaining fraction make loans. c. banks maintain a fraction of deposits on hand to meet the daily needs of their customers. d. a fractional reserve banking system only is operational when gold and silver are used as currency.

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Which of the following statements is true concerning a fractional reserve banking system? a. by law...