The fractional reserve banking system depends upon the _________________ of the public.

Question

asked Jul 13, 2021 139k views

1 Answer

Supermacy · Answer 1 · 2021-07-19T01:44:07+0000

Answer:

The fractional reserve banking system depends upon the confidence and trust of the public.

Explanation:

The fractional reserve banking means that bank uses the deposits of customers to lend money to the borrowers.