FULL RESERVE REQUIREMENT BANKING SYSTEM FOR THE COMMUNITY ECONOMIC SUSTAINABILITY
Abstract
This is a community service related to the development of economic society through socialization on one of the three main pillars and principle in the economics and financial problems. Nowadays, people in the world have begun to care about the dangers of three pillars and its impact on the economy. They are interest, fiat money and fractional reserve requirement in the banking system. Ironically, there are still many ordinary people do not understand the general rules of the fractional reserve requirement in the banking system. In returning the economic and monetary to riba-free system, it is necessary to learn deeply about this subject. For this reason, there is a need for socialization to the wider community to increase good understanding of the three pillars, especially about the fractional reserve requirement in the banking system. This community service is expected to the community get finance literacy well and certainly can be considered in family financial planning.
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References
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