Intro to Banks and Fractional Reserves

Banking has become a very large business in the modern world. According to the YouTube channel Kurzgesagt, there are over three thousand banks in the world today and the top ten banks in the world hold over $25 trillion United States dollars. Banks seem like pretty complex financial institutions in the modern world, but they started as a very simple idea that almost anyone can understand. According to Encyclopedia…

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Tyler M.

Guy who likes history, Computer Science, and psychology.