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Fractional reserve banking isn't a thing anymore.
by soVeryTired 4y ago
Fractional reserve banking isn't a thing anymore.
- borski 4y agoWhat? This is literally how nearly all banks around the entire world work.
- MatteoFrigo 4y agoThe Bank of England explains why the fractional reserve mental model of banking is not really accurate. See https://www.bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/2014/money-creation-in-the-modern-economy.pdf?la=en&hash=9A8788FD44A62D8BB927123544205CE476E01654 https://www.bankofengland.co.uk/-/media/boe/files/quarterly-...