miguegen5032 miguegen5032
  • 11-11-2021
  • Business
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which statement best illustrates the history of the fractional banking system?

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zoeag zoeag
  • 13-11-2021

Answer:

A goldsmith accepts deposits of gold and issues paper receipts in excess of the amount of gold held; reserves are a fraction of the money supply.

Explanation:

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