Which of the following is characteristic of fractional, Ask an Expert

Finance

Which of the following is characteristic of fractional reserve banking?

A. Restricting the access of depositors to money in their passbook savings accounts.

B. Maintaining sufficient bank reserves to cover all outstanding loans.

C. Making only long-term loans to both consumers and businesses.

D. None of the above.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91671265

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