4 ms·
No, the money existed and they transfer that money to the person taking out the loan.
by wglb 9y ago
No, the money existed and they transfer that money to the person taking out the loan.
- ric2b 9y agoYou should look up what fractional reverse banking is. You deposit $100 and they lend it out to 10 different people (or more, depends on the legislation limits), effectively creating $900 extra dollars while those 10 loans remain open.