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Comment by jampekka

There are no fractional reserve requirements anymore. And (almost) all money is debt anyway, even by definition with some definitions.

"As announced on March 15, 2020, the Board reduced reserve requirement ratios to zero percent effective March 26, 2020. This action eliminated reserve requirements for all depository institutions."

https://www.federalreserve.gov/monetarypolicy/reservereq.htm

parent jampekka 3 years ago

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