Question

In a 100-percent-reserve banking system, if people decided to decrease the amount of currency they held by increasing the amount they held in checkable deposits, then:_______

Answer 1

In a 100-percent-reserve banking system, if people decided to decrease the amount of currency they held by increasing the amount they held in checkable deposits, then M1 would not change.

A network or collection of institutions that offer financial services makes up a banking system. Commercial, national, and investment banks as well as credit unions might be a part of one of the main categories of banking systems.

Public sector banks - A bank that is primarily owned by the government or the nation's central bank. Private sector banks are those whose primary shareholders are private businesses, individuals, or groups of people.

Learn more about banking systems here

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