Which of the following best describes a fractional reserve banking system? a. a banking system in which a large portion of the bank's assets are digital money rather than bills and coins. b. a banking system in which banks keep a portion of deposits on hand to satisfy their customer's demands for withdrawals. c. a banking system in which banks have only partial control over the interest rates they charge on loans. d. a banking system in which net worth is calculated by subtracting a fraction of liabilities from assets. 2b2t
because you will have loans and have money
The correct answer is letter C.
Explanation: Banks represents a big part of our lives. The evolution of banks has changed the business.
That are many things that can be done in a bank.
What the is earned by the bank is used most of the times to pay the interest on savings accounts and to cover the bank's expenses.