"Cash is in the bank being lent out to others." Yes, in your textbook it is. In reality, in 2016, banks are hoarding that cash outright, or "lending" it to ot

"Cash is in the bank being lent out to others." Yes, in your textbook it is. In reality, in 2016, banks are hoarding that cash outright, or "lending" it to other banks, etc., for near-zero returns.