To: Toddsterpatriot
They take deposits and loan out a portion of them.If you don't know that's not true you're a dumbass. The reserve requirement is a maximum of 10%. Some countries have no reserve requirements. Since when is 9x a portion? What is your purpose in disseminating misinformation?
37 posted on
04/02/2015 8:29:38 PM PDT by
Stentor
("The best lack all conviction, while the worst are full of passionate intensity.")
To: Stentor
The reserve requirement is a maximum of 10%. Explain what you think that means.
A bank gets a $1000 deposit. How much can they loan, how much must they hold in reserve?
42 posted on
04/02/2015 8:32:30 PM PDT by
Toddsterpatriot
(Science is hard. Harder if you're stupid.)
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