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Why is a fractional reserve banking system necessary

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User Wil W
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2 Answers

2 votes

Answer: to enable banks to loan out money to make a profit

Explanation:

The full question.

Why is a fractional reserve banking system necessary?

a. to enable banks to loan out money to make a profit

b. to provide the regulation of the global economy

c. to enable the government to charge lower taxes

d. to prevent the money supply from growing too quickly

answered
User Thomasdao
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9.0k points
5 votes

Answer:

To enable banks to loan out money to make a profit

Step-by-step explanation:

answered
User Acejazz
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8.1k points

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