What does a "fractional reserve banking system" mean? one that keeps only a small part of customers' deposits on hand one that must keep most deposited money in reserve one that is required to report daily

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asked Jun 12, 2021 25.0k views

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What does a "fractional reserve banking system" mean?

one that keeps only a small part of customers' deposits on hand
one that must keep most deposited money in reserve
one that is required to report daily deposits to the Federal Reserve
one that uses fractional paper currency as well as coins

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middle-school

Jahanzeb Nawaz asked

by Jahanzeb Nawaz

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First choice- one that keeps only a small part of customers' deposits on hand

Step-by-step explanation:

Keita answered Jun 18, 2021

by Keita

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