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Is there enough money in banks to pay everyone who have accounts with them? |
Is there enough money in banks to pay everyone who have accounts with them? no No, that's the whole point of banks. They take your money as a deposit and loan it out to someone else. Where did you think mortgages, car loans, etc. come from? They are required to keep a reserve, i.e. a small portion of the deposits they aren't allowed to loan out. But it's only something like 10%. http://www.newyorkfed.org/aboutthefed/fe... Modified 1 year ago Do you mean cash? No. The banks make profit from investing and lending using the money. ------------------------------... *** 30-INCOME STREAMS FREE *** Steal a real "Internet Multimillionaire's" business **WITH HIS PERMISSION!** Legendary Internet Marketer and Multimillionaire, Howard L Moreland is giving away his business to you! You'll instantly get: - Access to one of the Net's BEST Secret Resource Centers from which to tap! - Up to 30+ income streams from a multitude of web sites that go to work for you round the clock -- making "YOU" big, big money -- AND FAST! - All the successfully-tested and PROVEN selling tools to make "YOU" rich in the next 60 days! - Up to $450,000 monthly possible! - Business practically runs itself! ... and MUCH, MUCH more! To get started (with NO obligation of course), go to: http://mynetmarketingcenter.com/r/sub/la... ------------------------------... FDIC Requires that all Banking Financial entities keep at least 50-75% of all deposited money on hand, they must keep this on hand at all times when they do not have the required amount by law they borrow it from a bank that has more than they need these loans are usually for overnight but no more than 2 days at a time. This is where the FED Fund rate come from and it the most volatile interest rate. |
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