What are IBFs and why do you think they were legalized?

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter27: Money And Banking
Section: Chapter Questions
Problem 26CTQ: Should banks have to hold 100 of their deposits? Why or why not?
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4. What are IBFs and why do you think they were legalized?

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