But they don’t save it any more, you see. They have about one dollar for every 10 dollars deposited. The rest exists only in the banking system itself, and is not a tangible asset.
Fractional reserve banking has been around for hundreds of years
But they don’t save it any more, you see. They have about one dollar for every 10 dollars deposited. The rest exists only in the banking system itself, and is not a tangible asset.
Fractional reserve banking has been around for hundreds of years