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Do you believe that banks hold every dollar they receive in deposits in cash in their vaults? Because that's not how banks work at all. They make loans, and i
by jki275 4y ago
Do you believe that banks hold every dollar they receive in deposits in cash in their vaults?
Because that's not how banks work at all. They make loans, and if enough people demand their cash back they will have to move things around to honor those withdrawals. That's how every bank in known history has operated.