3 ms·
It is yours. Again, you can't back with "deposits". If you have deposits, the depositors have a claim that encumbers the assets; you can't then "back" something
by jerf 4y ago
It is yours. Again, you can't back with "deposits". If you have deposits, the depositors have a claim that encumbers the assets; you can't then "back" something with encumbered assets. You can only back a currency with unencumbered assets. And if you have unencumbered assets, why would you use them to back a currency?
- sudosysgen 4y agoSure, I understand what you mean. It is still beneficial to the holder of deposits on which a small but nonzero yield is being received.