Re:Salim Kara stole $2M in coins with a magnet and a car ant...
by reese_john on Tuesday January 02, 2024 @10:34AM
(#38842646)
> Yes, they create money, but deposits are a requirement to do it.
Deposits, although an important source of funding are not a requirement, capital is. There are capital requirements that make starting and running a bank a fairly expensive enterprise - you need to put up a lot of your own money (equity) for use.
Deposits, although an important source of funding are not a requirement, capital is. There are capital requirements that make starting and running a bank a fairly expensive enterprise - you need to put up a lot of your own money (equity) for use.