It’s certainly not. The money multiplier is a very basic macroeconomic concept. Almost very little of all the “money” is actually grounded in a tangible form. F

It’s certainly not. The money multiplier is a very basic macroeconomic concept. Almost very little of all the “money” is actually grounded in a tangible form. For all intents and purposes, almost all money is indeed digital. It’s not digital as a cryptocurrency, but more as rows in database tables. As a simple example, if everyone wanted to withdraw their money, all at once, very few people would actually be able to.