Money 101: What Is Backing Bank Deposits (Follow The Accounting)
10
About :
When it comes to money creation, many feel that since it is "created out of thin air" there is nothing backing a deposit. After all, with fractual reserve banking, there is no need to keep the currency in the bank.
Here is some insight: this idea makes no sense since there was no currency to begin with.
In this video I discuss what is backing the deposits. Double entry accounting guarantees there is something there. What is it?
Show more
Tags :
Woo!
This creator can upvote comments using 3speak's stake today because they are a top performing creator!
Leave a quality comment relating to their content and you could receive an upvote
worth at least a dollar.
Their limit for today is $36!
Their limit for today is $36!
8 views
4 years ago
$
14 views
2 years ago
$
12 views
3 years ago
$
20 views
3 years ago
$
21 views
2 years ago
$
More Videos
17 views
a year ago
$
8 views
3 years ago
$
12 views
4 years ago
$
15 views
5 years ago
$
5 views
3 years ago
$
4 views
5 years ago
$
8 views
5 years ago
$
14 views
2 years ago
$
8 views
a year ago
$
2 views
a year ago
$
1 views
a month ago
$
54 views
2 years ago
$
2 views
3 years ago
$
6 views
3 years ago
$
4 views
4 years ago
$
1 views
2 years ago
$
4 views
a year ago
$
5 views
2 years ago
$
13 views
3 years ago
$
0 views
4 months ago
$
4 views
3 months ago
$
0 views
7 months ago
$
6 views
11 months ago
$
9 views
2 years ago
$
53 views
5 years ago
$
@znnuksfe: 1.3007
@threespeak: 1.2452
@trostparadox: 0.9052
@gunthertopp: 0.8433
@ripperone: 0.6361
@spectrumecons: 0.4570
@jkramer: 0.3495
@unpopular: 0.2812
@hodlcommunity: 0.2683
@threespeak: 1.2452
@trostparadox: 0.9052
@gunthertopp: 0.8433
@ripperone: 0.6361
@spectrumecons: 0.4570
@jkramer: 0.3495
@unpopular: 0.2812
@hodlcommunity: 0.2683
Comments:
Reply:
To comment on this video please connect a HIVE account to your profile: Connect HIVE Account