Are anons aware that fractional reserve banking is gone?
The FED has cut it's reserve requirement ratio to 0% a while ago.
The more you know.
Are anons aware that fractional reserve banking is gone?
The FED has cut it's reserve requirement ratio to 0% a while ago.
The more you know.
Before, there was the need to have 10 USD in deposits in order to issue a credit of $100. The reserve requirement ratio was 10%.
It is now 0%, meaning there is no need for any deposit to issue that credit of $100.