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adell [148]
3 years ago
10

Which of the following best describes a fractional reserve banking system?

History
1 answer:
Soloha48 [4]3 years ago
6 0

The correct answer is letter C.

Explanation: Banks represents a big part of our lives. The evolution of banks has changed the business.

That are many things that can be done in a bank.

What the is earned by the bank is used most of the times to pay the interest on savings accounts and to cover the bank's expenses.

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The difficulty arises from few different factors:
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Europe and Asia are actually one continent, but it has been 'divided' into two continents because of the reasons mentioned above. 
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From cultural and religious point of view Europe and Asia are mostly divided at the border of the Christian and Muslim world, but not totally, which also makes confusions.
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