Monday, November 24, 2014

Where do you find out where your bank is spending the money people bank with it?

Where do you find out where your bank is spending the money people bank with it?
Your bank doesn't spend money as such. The majority of what you deposit will be created as loans for others, this amount depends on their reserve ratio (what cash reserves they're required to keep for daily transactions). They may have an investment/speculation branch but this isn't very big relatively

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