Business, 30.07.2021 01:00 macybarham

1. The centerpiece of the U. S. economy is its banking system. A. Banks in the U. S. practice fractional reserve banking. Explain what this means. (4 points) B. Explain how banks create money under a fractional reserve system. (5 points) C. List the two major assets and the main liability of a typical bank operating under a fractional reserve system. (3 points) D. Fractional reserve banking is effective as long as two things remain true. What are those two things, and why does fractional reserve banking depend on them

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1. The centerpiece of the U. S. economy is its banking system. A. Banks in the U. S. practice fracti...

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