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Doesn't stop a run 10 people put $10 in your bank. You give someone a loan for $50 and leave $50 in the vault. 7 of your customers take $10 out, you are screwe
by ta1243 4y ago
Doesn't stop a run
10 people put $10 in your bank. You give someone a loan for $50 and leave $50 in the vault. 7 of your customers take $10 out, you are screwed.
- notch898a 4y agoDepends. If they take it out electrically, send it to another bank then it just shows up as debt in a database from bank A to bank B. Cash is dirty and boring nowadays.
- imtringued 4y agoThis doesn't apply to certificates of deposit as depositors agree to not withdraw their money until a specified point in time.