Fractional reserve is a reference to banks needing to keep a fraction of their customers’ deposits but are allowed to invest/lend out the rest. Some people think this means keep a fraction of customers cash on hand because liquid assets are often referred to as cash in accounting even if it isn’t actually paper money.
Banks are cash free now??? What a world. At what point to we get to where banks don’t really do anything at all except legally rob you and bill you for stupid shit?
All that risk for the equivalent of a recent model used car.
deleted by creator
Fractional reserve… technically zero is a fraction.
deleted by creator
Fractional reserve is a reference to banks needing to keep a fraction of their customers’ deposits but are allowed to invest/lend out the rest. Some people think this means keep a fraction of customers cash on hand because liquid assets are often referred to as cash in accounting even if it isn’t actually paper money.
deleted by creator
Banks are cash free now??? What a world. At what point to we get to where banks don’t really do anything at all except legally rob you and bill you for stupid shit?
deleted by creator
jfc
And you’re excited about it.
deleted by creator