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“Because of 'fractional' reserve system, banks, as a whole, can expand our money supply several times, by making loans and investments.”

~ Federal Reserve Bank of New York

Source: The Story of Banks, p.5. (2006), Story by Gail Donovan; Art by Norman Nodel, Published by Federal Reserve Bank of New York
see http://www.newyorkfed.org/publications/result.cfm?comics=1

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