Re:Facebook, Libra, and the Long Game
by godson_drafty on Tuesday June 25, 2019 @01:40PM
(#20276753)
Not sure that's correct though. For banks, deposits are liabilities, while assets are loans and cash-on-hand, which they are required to hold fractionally against the total amount of their deposits. In this example, the bank is holding $200, has assets of $800, and liabilities of $1000. Adding it up, you have ($200 + $800) - $1000 == $0.
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