aliyafamke aliyafamke

19-03-2022
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Explain Fractional Reserve Banking. Please illustrate with an example.

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marthaper11 marthaper11

19-03-2022

Answer:

Fractional Reserve banking is where bank deposits are backed by actual cash on hand and available for withdrawal. Example - if a bank has $500 million in assets, it must hold $50 million, or 10%, in reserve

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