Fractional-reserve banking
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The Wall Street Journal Opinion: Fractional Reserve Banking Is Dangerous
A Wall Street Journal opinion piece argues that the "on-demand withdrawal" system of fractional-reserve banks is inherently fragile and high-risk.
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The Wall Street Journal Opinion: Fractional Reserve Banking Is Dangerous
A Wall Street Journal opinion piece argues that the "on-demand withdrawal" system of fractional-reserve banks is inherently fragile and high-risk.
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Fractional-reserve banking
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