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lesantik [10]
3 years ago
10

When a bank keeps $12 from a $100 deposit as legal reserves, it is using

Business
1 answer:
vitfil [10]3 years ago
6 0
When a bank keeps $12 from a $100 deposit as legal reserves, it is using <span>a fractional reserve system. The correct option among all the options that are given in the question is option "b".

</span>The Fed has defined different categories of money, M1 and M2, according to the money's function. The correct option among all the options <span>that are given in the question is option "b".</span>
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