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20-11-2020
Business

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Which one of the following is not one of the four most common ways people can save money in banks?

money market accounts

fractional reserves

checking accounts

certificates of deposit

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emcphotographystudio emcphotographystudio

20-11-2020

Answer:

Fractional Reserves

Explanation:

Banks are required to hold money to lend out. If you deposit $100 into your account that is $100 for the bank to lend that money out to ones who need it.

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