When did the fractional reserve banking system begin in the US?
When did the fractional reserve banking system begin in the US? What did the US have before
the Federal Reserve Act of 1913? Wasn't the fractional reserve symptom of too much inflation the cause of the 1907 bank panic?
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Fractional reserve banking began in Italy during the renaissance. I think they should have to keep a larger portion in cash then they do now.
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2625-23 World Bank
Image by World Bank Photo Collection
Machava BCI Bank Autobank Counter staff. Mozambique. Photo: Eric Miller/ World Bank
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