Reason: None provided.
It's called fractional reserve banking and lending. The banks, from the Fed down, can loan out 9 or 10 times (can't remember the exact number) of money than they actually have. The banks can then earn interest on that fake money.
Yes, it's true.
1 year ago
3 score
Reason: Original
It's called fractional reserve banking and lending. The banks, from the Fed down, can loan out 9 or 10 times (can't remwmber the exact number) of money than they actually have. The banks can then earn interest on that fake money.
Yes, it's true.
1 year ago
1 score