Pizza Express Inc. began the Year 2 accounting period with $9,500 cash, $7,500 of common stock, and $2,000 of retained earnings. Pizza Express was affected by the following accounting events during Year 2: Purchased $13,000 of supplies on account. Earned and collected $24,000 of cash revenue. Paid $11,500 cash on accounts payable. Adjusted the records to reflect the use of supplies. A phy

Fractional reserve banking which of the following statements about fractional reserve banking are correct? check all that apply. fractional reserve banking allows banks to create money through the lending process. fractional reserve banking does not allow banks to hold excess reserves. fractional reserve banking allows banks to create additional wealth by lending some reserves. fractional reserve banking relies on everyone not withdrawing their money at the same time.