Should banks have to hold 100% of their deposits? Why or why not?

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asked Jun 10, 2020 161k views

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Urvashi Kharecha · Answer 1 · 2020-06-16T04:13:54+0000

Answer:

No, they dont have to hold the 100%.

Step-by-step explanation:

Because banks use the money deposited to make loans to other clients. By general rule the Commercial Banks are required to keep only the 10% of each deposit made in an account.

Should banks have to hold 100% of their deposits? Why or why not?

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