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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, Rated good by DahJTkfw
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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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Which of the following explains observations? A. hypotheses B. laws C. theories
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Updated 10/9/2018 6:34:59 PM
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Theories explains observations.
Added 10/9/2018 6:34:59 PM
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Define the term nonprofit organization.
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Updated 4/29/2015 12:40:28 PM
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A nonprofit organization (NPO, also known as a non-business entity) is an organization that uses its surplus revenues to further achieve its purpose or mission, rather than distributing its surplus income to the organization's directors (or equivalents) as profit or dividends.
Added 4/29/2015 12:40:28 PM
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Confirmed by jeifunk [4/29/2015 12:42:35 PM], Rated good by DahJTkfw
hen the government runs a deficit, it must sell bonds through this department? a. Department of Commerce c. Department of Defense b. Department of the Treasury d. Department of the Interior
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Updated 5/3/2015 2:45:55 PM
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When the government runs a deficit, it must sell bonds through Department of the Treasury.

Added 5/3/2015 2:45:55 PM
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Define the term crowding out effect.
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Updated 5/2/2015 3:24:45 AM
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Crowding out effect is an economic concept where increased public sector spending replaces, or drives down, private sector spending.


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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
Added 5/1/2015 4:58:52 PM
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Confirmed by Andrew. [5/1/2015 5:13:55 PM], Rated good by Andrew., Rated good by DahJTkfw
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