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growthfusion

2024-04-28 01:39:50

so if you deposit ten thousand dollars into the bank
the bank sets aside ten percent
or one thousand dollars and then loans out the rest of your money
the way it works is say another person comes into the bank and ask for a car loan of nine thousand dollars
at this moment the bank loans out the nine thousand dollars from your original deposit
it isn't there anymore
the borrower then pays the person selling the car
and they go deposit the money into another bank which is part of the same central banking systems
this nine thousand dollars is treated as a new deposit
and the process continues
the money gets redo posited and reload until the initial deposit of ten thousand dollars
becomes one hundred thousand dollars
the banking system just created ninety thousand dollars by loaning out your money