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?
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Fractional reserve… technically zero is a fraction.
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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.
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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?
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jfc
And you’re excited about it.
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