12∞ · Question 10.1.7
How do banks actually work?
They take deposits, make loans, and earn the difference in interest.
From the book 12∞ Twelve to Infinity by D.R. Davenport. The full answer is free to read with an iBelieve account.
Where it sits in the book
- Part
- 10: Money, Energy, Work, and Abundance
- Gate
- 10.1: What Money Is
- In print
- Page 325
- ← 10.1.6 · Why were religions so opposed to charging interest?
- 10.1.8 → · What do central banks do?
- All of Part 10
Topics
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