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Published on Mar 3, 2009
- The cost of Fractional Reserve Banking. - The need for a Business Cycle / Recession - Credit growth drives the monetary growth. - The multiplier effect of Fractional Reserve Banking.
Fractional-reserve banking is the banking practice in which banks keep only a fraction of their deposits in reserve (as cash and other highly liquid assets) and lend out the remainder, while maintaining the simultaneous obligation to redeem all deposits immediately upon demand.