aliyafamke
aliyafamke aliyafamke
  • 19-03-2022
  • History
contestada

Explain Fractional Reserve Banking. Please illustrate with an example.

Respuesta :

marthaper11
marthaper11 marthaper11
  • 19-03-2022

Answer:

Fractional Reserve banking is where bank deposits are backed by actual cash on hand and available for withdrawal. Example - if a bank has $500 million in assets, it must hold $50 million, or 10%, in reserve

Hope this helps!!!

Answer Link

Otras preguntas

The rediscovery of ancient Greek and Roman knowledge sparked a period of rebirth known as the __?__.
James quickly sketched the graphs of y = -4x + 10 and y = 2x + 3. His graph is shown below. Explain how you know his graph is inaccurate.
Have you visited the old castle? It is …………………………………… than any castles we visited during our holidays. *
There are 90 people at a party. Half of the people at the party are women. The number of women at the party is 3 times the number of men at the party. The rest
someone help me out pls
Which of the following would be a PUSH factor of a country? A. High Life Expectancy B. Large Gross Domestic Product C. Overpopulation D. Large infant mortality
What is -4 - (8) More text
Kendra is participating in a read-a-thon to raise money for her local library. One person donates $30, while another pledges $0.05 for each page she reads. If K
Find the solution of the system of equations. 3x – 3y = 18 3x – 8y = -2
what should you do when planning for college?