4 ms·

I mean, yes, that is a problem, but it’s also their only benefit. The entire reason banks came into existence is to multiply the availability of currency (i.e.

by lumb63 4y ago

I mean, yes, that is a problem, but it’s also their only benefit. The entire reason banks came into existence is to multiply the availability of currency (i.e. fractional reserve).

ashwagary 4y ago
>The entire reason banks came into existence is to multiply the availability of currency (i.e. fractional reserve). I thought they came into existence, atleast initially, purely for the secure storage of funds.