3 ms·
A huge difference is fractional banking, which deserves a good read. http://en.wikipedia.org/wiki/Fractional_reserve_banking http://en.wikipedia.org/wiki/Fract
by smrtinsert 13y ago
A huge difference is fractional banking, which deserves a good read. http://en.wikipedia.org/wiki/Fractional_reserve_banking http://en.wikipedia.org/wiki/Fractional_reserve_banking
- this_user 13y agoI'd argue that fractional reserve banking is still better than having a "currency" that is backed by absolutely nothing and may lose up to 90% of its value on a moment's notice.