under a fractional reserve banking system the amount of money loaned out
Fractional-reserve banking Fractional-reserve banking is the practice whereby a bank accepts deposits, makes loans or investments, but is required to hold reserves equal to only a fraction of its deposit liabilities.[1] Reserves are held as currency in the bank, or as balances in the bank's accounts at the central bank. Fractional-reserve banking is the current form of banking practiced in most countries worldwide.[2]
Gilbert Gottfried In March 2011, Gottfried made a series of jokes on his Twitter account about the
Road Accident Fund • Fuel levy income; • Government grants, paid by National Treasury when there is a pressing need such as an acute cash shortage; • Borrowings/loans, which are an allowed source of funding according to the RAF Act. This option has not been used to date; and • Investment income, acquired from invested funds that occasionally result when the RAF’s operational capacity prevents it from paying out all its funds.
Bill Knapp's By the end of 2002, the chain's last restaurant had closed.[7]