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Gnoma [55]
3 years ago
14

Why is a fractional reserve banking system necessary

Social Studies
2 answers:
RideAnS [48]3 years ago
7 0

Answer:  to enable banks to loan out money to make a profit

Explanation:  

The full question.

Why is a fractional reserve banking system necessary?

a. to enable banks to loan out money to make a profit

b. to provide the regulation of the global economy

c. to enable the government to charge lower taxes

d. to prevent the money supply from growing too quickly

True [87]3 years ago
4 0

Answer:

To enable banks to loan out money to make a profit

Explanation:

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