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Business, 12.06.2021 05:20 zach238

Which of the following accurately describes the requirements banks must meet under a fractional reserve banking system? A. Banks must pay a specific fraction of their assets in taxes. B. Banks must get government approval for all loans. C. Banks must keep a specific percentage of deposits on hand. D. Banks reserve the right to raise interest rates at any time.

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Which of the following accurately describes the requirements banks must meet under a fractional rese...
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