What is fractional reserve banking?
а
Banks lend only some of their money as mortgages.<...
Social Studies, 17.04.2020 19:06 12233445566
What is fractional reserve banking?
а
Banks lend only some of their money as mortgages.
Only some deposits must be paid on demand.
People transfer money and pay bills electronically.
Banks keep some money on hand and lend out the rest.
Answers: 2
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