Description
Discuss why it might be a good or bad idea for banks to hold 100% of their deposits? Also discuss what role is there for banks in a future world of cryptocurrencies like bitcoins.
Explanation & Answer
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Banking
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Banking
A bank is a financial institution that indulges in money lending activities while accepting
deposits from its customers and giving credit. It is not a good idea for banks to hold 100% of
their deposits. This is because it would mean that they will not indulge in money lending
activities which will not enable them to make a profit as this is on...
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