A system that permits banks to hold less than 100 percent of their deposits as reserves is called a a. federal reserve system. b. fractional reserve banking system. c. partially…

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Fedmest · Answer 1 · 2020-03-19T23:09:37+0000

Answer: fractional reserve banking system allows banks to hold less than 100 percent of their deposits as reserves this is done to allow economic growth and lending

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A system that permits banks to hold less than 100 percent of their deposits as reserves is called a a. federal reserve system. b. fractional reserve banking system. c. partially…

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