What are true statements about the history of the fractional banking system?

In a fractional reserve banking system, banks keep a fraction of deposits as reserves and use the rest to make loans. The Fed establishes reserve requirements, regulations on the minimum amount of reserves that banks must hold against deposits. ... Banks' liabilities include deposits, assets include loans & reserves. What are true statements about the history of the fractional banking system? -Traders would deposit their gold with goldsmiths. -Goldsmiths issued paper receipts in excess of the amount of gold held. -Goldsmiths put the paper receipts into circulation by making loans.

answer; (consensus);

answer; the correct answer is (0.08);