Business, 21.04.2020 20:09 rosehayden21

Maria makes a deposit of $10,000 into her Smalltown Bank savings account. Smalltown Bank holds 20% of her deposit, then lends the remaining $8,000 to Ben to buy a new car. This practice of retaining only a portion of deposits on hand is called .
a. the gold standardb. fractional reserve bankingc. the Federal Reserve systemd. representative money

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Maria makes a deposit of $10,000 into her Smalltown Bank savings account. Smalltown Bank holds 20% o...

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