3 ms·
There is no bank in his description.
by williamcotton 4y ago
There is no bank in his description.
- lesuorac 4y agow/e, `sed 's/banks/Bob and Charlie/'`. Do you not get what he was getting at with the extra $40? https://en.wikipedia.org/wiki/Money_multiplier https://en.wikipedia.org/wiki/Money_multiplier
- williamcotton 4y agoI understand how debits and credits work in fractional reserve banking and how money is created in such a system. I don’t understand whatever OP was describing.