Your bank is required to keep only a fraction of your cash deposit in its vault. The bulk of your money gets loaned out, paid off and redeposited into the banking system. This happens an exponential amount of times, creating a “virtual”…
Your bank is required to keep only a fraction of your cash deposit in its vault. The bulk of your money gets loaned out, paid off and redeposited into the banking system. This happens an exponential amount of times, creating a “virtual”…