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Replying to Avatar Michael Anton Fischer

No. That’s more than full reserve. Fractional reserve means that you have only a fraction of the assets that you owe.

Fractional reserve is when a bank has $100 deposits and uses this to back a $1000 credit.

Or when a central bank gives out 100 ounces worth of gold notes and only has 1 ounce in the vault.

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monk_cactus 2y ago

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