Which of the following accurately describes the requirements banks must meet under a fractional reserve banking system? A. Banks must keep a specific percentage of deposits on hand. B. Banks reserve the right to raise interest rates at any time. C. Banks must pay a specific fraction of their assets in taxes. D. Banks must get government approval for all loans.

50 me on july 4, 1776, thomas jefferson wrote the declaration of independence. the declaration of independence can be compared to a break up letter because jefferson explained why america wanted its independence from king george iii. read pages 516-520 in your textbook to discover why america wanted to be an independent country. you will write your own break up letter from the colonies to king george iii. your letter needs to be at least 5-7 sentences, include the issues/events leading up to this breaking point, and why the founding fathers felt independence would be better. remember! this is a “breakup letter”, so channel your inner taylor swift and make it creative!