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CHAPTER 15: MONEY, BANKING, & CENTRAL BANKING (5.3 Financial…
CHAPTER 15: MONEY, BANKING, & CENTRAL BANKING
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15.5 Fractional Reserve Banking, the Federal
Reserve, and the Money Supply
FRACTIONAL RESERVE BANKING
A system in which depository institutions hold reserves that are less than the amount of deposits
Reserves deposits held by the Fed's district banks for depository institutions, plus depository institutions' vault cash