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Reserve money

darkkermit
Posts: 11,204
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12/19/2011 2:14:22 PM
Posted: 4 years ago
Banks have to keep a certain amount of money as reserves. For example, If the reserve ration is 10%, it can only lend out 90% of your money in your savings account.
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16kadams
Posts: 10,497
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12/19/2011 7:22:52 PM
Posted: 4 years ago
At 12/19/2011 2:14:22 PM, darkkermit wrote:
Banks have to keep a certain amount of money as reserves. For example, If the reserve ration is 10%, it can only lend out 90% of your money in your savings account.

Oh I wanted to answer that :(
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sadolite
Posts: 8,838
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12/28/2011 8:37:05 PM
Posted: 4 years ago
At 12/19/2011 1:01:43 PM, Cermank wrote:
What do we mean by reserve money?

Worthless paper currency used to monetize debt and steal wealth
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If liberal democrats would just stop shooting people gun violence would drop by 90%
UnStupendousMan
Posts: 3,475
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12/28/2011 8:40:29 PM
Posted: 4 years ago
As I understand it, money that banks have to keep on hold as regulated by the government. I believe the theory behind it is that increased money banks have to hold on to = better cushion for the banks to hold on to if they fail.
MasterKage
Posts: 1,257
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12/28/2011 8:59:40 PM
Posted: 4 years ago
At 12/19/2011 2:14:22 PM, darkkermit wrote:
Banks have to keep a certain amount of money as reserves. For example, If the reserve ration is 10%, it can only lend out 90% of your money in your savings account.

This is correct.
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minervaB
Posts: 2
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2/9/2012 2:09:10 AM
Posted: 4 years ago
Money is a collective mental agreement. Our money has no precise definition and is blurred by the complicated terminology. The history of currency in the U.S. is much more fractious than individuals realize and a number of towns have been printing their own alternative currencies recently. Many states are starting to also, and the notion of an alternative to the dollar is getting traction, whether merited or not. [url=http://personalmoneynetwork.com...]Alternative currency proposals increasing[/url]. The advantage of alternative currencies is that it keeps the flow of currency, goods and services within the community that creates it. The disadvantage is the same reason that a uniform currency was created to begin with: namely that it can't be used everywhere.