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Fractional reserve banking doesn't exist [0]. The Bank of England explained this in 2014. Surely the myth should have died by now. [0]: https://www.bankofengl
by neilwilson 4y ago
Fractional reserve banking doesn't exist [0].
The Bank of England explained this in 2014. Surely the myth should have died by now.
[0]: https://www.bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/2014/money-creation-in-the-modern-economy.pdf https://www.bankofengland.co.uk/-/media/boe/files/quarterly-...
- matheusmoreira 4y agohttps://en.wikipedia.org/wiki/Fractional-reserve_banking https://en.wikipedia.org/wiki/Fractional-reserve_banking > Fractional-reserve banking is the system of banking operating in almost all countries worldwide > under which banks that take deposits from the public are required to hold a proportion of their deposit liabilities in liquid assets as a reserve, and are at liberty to lend the remainder to borrowers
- neilwilson 4y agoI quote the Bank of England, and you quote Wikipedia in response. Why not read the BoE report, and respond to that?