The correct answer is GOVERNMENT REGULATIONS.
Fractional reserve banking is a banking practice, in which a bank is expected to put on reserve a particular fraction of the money it receives as deposits from customers. The central bank of each country regulate the commercial banks and stipulate the amount of money that the banks must hold as reserve per time.
Answer:
The above statement is True.
Explanation:
As the trade especially between Asia and Africa garnered momentum, certain states became the better for it. That list of city-states includes but are not limited to the following: Sofala, Mombasa, Kilwa, Malindi, etc.
Of very great interest to the Asians were the gold, iron, ivory. etc. The Africans on the other hand were willing to export the above in exchange for ceramic objects, silk, and other items that were not native to those parts of Africa. The Africans paid heavily for these things because they had them in large qualities nor did they have the know-how to manufacture them.
Another important phenomenon that occurred during these times were interracial marriages. This exactly was how the Swahili people were formed.
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