A system in which banks keep less than 100% of their deposits available for each

Question

A system in which banks keep less than 100% of their deposits available for each withdrawal is known as incomplete reserve banking system fractional reserve banking system trustable reserve banking system bankruptey free banking system. For a bank, reserves are assets on the balance sheet loans to individuals and businesses liabilities it owes to customers checkable deposits. In the United States, the minimum reserve ratio (MKK) is set by the federal government. the U.S. Treasury. the Federal Reserve Board. the Department of Commerce. Excess reserves arc equal to

Explanation / Answer

11. (b) fractional reserve banking system in which banks keep certain portion of deposits in cash to meet the unforeseen demand and lend the remaining amount.

12. (d) checkable deposits.

13. (c) the Federal Reserve Board

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