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A banking system in which only a portion of checkable deposits are backed up by cash in bank vaults or deposits in the central bank is called a.

A banking system in which only a portion of checkable deposits are backed up by cash in bank vaults or deposits in the central bank is called a.
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A banking system in which only a portion of checkable deposits are backed up by cash in bank vaults or deposits in the central bank is called a.

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User Sojin
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1 Answer

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Fractional reserve banking.

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User Gonzalomelov
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