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Banks have very strict legal rules about minimum balance sheets. They don't have to have 100% coverage, but that doesn't mean it isn't there.
by Etheryte 1y ago
Banks have very strict legal rules about minimum balance sheets. They don't have to have 100% coverage, but that doesn't mean it isn't there.
- throwaway4496 1y agoA fraction of it, it is called fractional reserve banking for a reason.