The first scenario is the catastrophic one in which the whole banking system based on a fractional reserve collapses.
第一种，整个基于部分准备金的银行系统灾难性的彻底崩溃。
Because we live under a system of fractional-reserve banking, other consequences quickly ensue.
由于我们身处一个部分准备金银行制度下，间接影响也随即发生了。
It is because our financial system is based on something called fractional reserve banking.
那是因为，我们的金融系统是建立在某个被称为部分准备金银行制度的基础上。
Banksoperate on what is called a "fractional-reserve banking" system.
今日的银行业运作在所谓的“部分准备金银行”制度下。
Fractional Reserve banking is a system of banking that essentially allows Banks to lend out money that they don't actually possess.
部分准备金银行体系是指允许银行向外进行借贷业务，而这些钱并非银行所有。
Fractional Reserve banking is a system of banking that essentially allows Banks to lend out money that they don't actually possess.
部分准备金银行体系是指允许银行向外进行借贷业务，而这些钱并非银行所有。
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