Fractional reserve banking refers to a banking system in which
a. bank loans are less than bank reserves.
b. bank reserves are only a fraction of required reserves.
c. bank reserves are only a fraction of total deposits.
d. bank deposits are less than bank reserves.

Question

Fractional reserve banking refers to a banking system in which
a. bank loans are less than bank reserves.
b. bank reserves are only a fraction of required reserves.
c. bank reserves are only a fraction of total deposits.
d. bank deposits are less than bank reserves.

Fractional reserve banking refers to a banking system in which

a. bank loans are less than bank reserves.

b. bank reserves are only a fraction of required reserves.

c. bank reserves are only a fraction of total deposits.

d. bank deposits are less than bank reserves.

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Fractional reserve banking refers to a banking system in which a. bank loans are less than bank reserves. b. bank reserves are only a fraction of required reserves. c. bank reserves are only a fraction of total deposits. d. bank deposits are less than bank reserves.