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When a bank keeps $12 from a $100 deposit as legal reserves, it is using a. the Federal Reserve System. c. a legal reserve system. b. a fractional reserve system. d. a fractional deposit system.
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Asked 4/30/2015 8:50:03 AM
Updated 4/30/2015 10:13:46 AM
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User: When a bank keeps $12 from a $100 deposit as legal reserves, it is using a. the Federal Reserve System. c. a legal reserve system. b. a fractional reserve system. d. a fractional deposit system.

Weegy: The fractional reserve system allows the Federal Reserve to: . b. a fractional reserve system. en.wikipedia.org/wiki/Federal_Reserve_System
Kaysha|Points 7914|

User: The Federal Reserve System is an independent government agency that was established by __________. A. the Cabinet B. Congress C. the president D. the Supreme Court

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Asked 4/30/2015 8:50:03 AM
Updated 4/30/2015 10:13:46 AM
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The Federal Reserve System is an independent government agency that was established by Congress.
Added 4/30/2015 10:09:39 AM
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Confirmed by Janet17 [4/30/2015 10:34:35 AM], Rated good by Janet17
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When a bank keeps $12 from a $100 deposit as legal reserves, it is using a legal reserve system.
Added 4/30/2015 10:13:44 AM
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Updated 5/2/2015 3:24:45 AM
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Brokerage firms provide consumers with accounts to buy and sell stocks, bonds and other securities.
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Updated 5/1/2015 4:58:52 PM
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Brokerage firms provide consumers with accounts to buy and sell stocks, bonds and other securities. TRUE
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