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My understanding of how banks actually work is a little more advanced than this.
1
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Dave Volek

Stephen Foerster
Mar 24, 2023

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Thanks Dave. Yes, I’ve simplified. But hopefully it has been helpful.

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Stephen Foerster
Stephen Foerster

Written by Stephen Foerster

12.3K Followers
9 Following

I’m an award-winning author and Finance prof, CFA. I write stories about investing and investment history. (I don’t give financial advice.)

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