Its not completely accurate, if the bank in step 2 deposit those 10,000 dollars in their FED account they will be allowed to loan 90.000 dollars, this vid explain the situation where the bank don't deposit on central bank, it assumes that the money will be directed to a new loan a very rare situation in real world
The way it explains it is way too complicated and jumped between all these terms it just expects you to know... Sheesh. So how can the original $1111 create a loan of $10,000 but when the lady who recieved the car money deposited, the bank could only loan $9000 instead of it being multiplied by 9 like with the original $1111 that was turned into $10,000???? WHAT THE HELL?....AHHHH so confusing...
Chase Bank stole $1500 from me. I was -$100, so I deposited $1600. They took my CASH money and closed my account, and said they would MAIL THE CHECK. 3 weeks and counting, no check yet. I am in my 20's and that is like a million dollars to me.
Its not completely accurate, if the bank in step 2 deposit those 10,000 dollars in their FED account they will be allowed to loan 90.000 dollars, this vid explain the situation where the bank don't deposit on central bank, it assumes that the money will be directed to a new loan a very rare situation in real world
Caioaoaoaoaoaoa 3 days ago
Brilliant Video's !
BarryGoldwater1 1 year ago
The way it explains it is way too complicated and jumped between all these terms it just expects you to know... Sheesh. So how can the original $1111 create a loan of $10,000 but when the lady who recieved the car money deposited, the bank could only loan $9000 instead of it being multiplied by 9 like with the original $1111 that was turned into $10,000???? WHAT THE HELL?....AHHHH so confusing...
camreeno360 1 year ago
Chase Bank stole $1500 from me. I was -$100, so I deposited $1600. They took my CASH money and closed my account, and said they would MAIL THE CHECK. 3 weeks and counting, no check yet. I am in my 20's and that is like a million dollars to me.
JustSum13lse 2 years ago
this video is sorta confusing...
poosungee 2 years ago