Social Studies, 10.11.2020 19:20 chyyy3
The practice of fractional reserve banking means that:
O A. banks are required by law to operate as nonprofit organizations.
B. banks are not allowed to use deposited funds to make loans.
C. banks can change the interest rates on loans at any time.
D. banks only keep a portion of their deposits as cash reserves.
Answers: 2
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The banking act of 1933, also known as the glass-steagall act, established the federal deposit insurance corporation (fdic), which a protected banks from failure by ensuring that the government would bail them out if necessary. b required american taxpayers to establish an account with a commercial bank. c protected depositors from financial losses when banks failed.
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The practice of fractional reserve banking means that:
O A. banks are required by law to operate as...
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