The Concept of Holding Reserves, Such as Gold, That Are

question 443

Multiple Choice

The concept of holding reserves, such as gold, that are less than the value of the total deposits

• A) is known as fractional reserve banking.
• B) has been illegal since the passage of the Financial Services Modernization Act of 1999.
• C) is known as non-credit banking.
• D) None of the above are correct.

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