3 years ago

In fractional reserve banking, the institution keeps 100% of the money on hand from each deposit. a.True b. False

Law

1 answer:

Usimov [2.4K]3 years ago

3 0

Answer:

False

Explanation:

In fractional reserve banking, the institution usually keeps 10% of the money from each deposit, the rest of which is released into the economy in the form of loans

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