Which of the following best describes a liability? a. anything of value owned by the business. b. something that a business owes. c. listed on the lift - hand side of a balance sheet. d. always equal to an asset

Fractional reserve banking which of the following statements about fractional reserve banking are correct? check all that apply. fractional reserve banking allows banks to create money through the lending process. fractional reserve banking does not allow banks to hold excess reserves. fractional reserve banking allows banks to create additional wealth by lending some reserves. fractional reserve banking relies on everyone not withdrawing their money at the same time.