Multiple Choice
Under a fractional reserve banking system,
A) only a fraction of the banks in the system are allowed to create money
B) only a fraction of the banks in the system have reserves
C) the claims outstanding against the bank are only a fraction of the bank's total reserves
D) each bank must deposit a fraction of its reserves with the Federal Reserve Bank
E) bank reserves represent only a fraction of bank deposits
Correct Answer:
Verified
Correct Answer:
Verified
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