Fractionalreserves expand the money supply, which, until the age of Keynes and Fisher, was called inflation.
部分准备金制度扩大了货币供应,而直到凯恩斯和菲舍尔之前的时代,这一现象一直被称为通货膨胀。
2
It is well known that Banks engage in fractional-reserve lending, meaning that bankers use their deposits in lending operations, with only a part of their loans covered by money reserves.