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by bobbyi_settv
3121 days ago
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> Because normally for every 1 dollar deposited inside, bank can give away 5 dollars worth of credits to other people. That's not the reason they can't pay everyone back in that scenario. Even if they could only loan out the dollars that were deposited, it would still be the case that if all account owners wanted to get their money at once, they wouldn't be able to because the money is loaned out. The only way it could be possible that everyone shows up at once, withdraws all their money, and actually gets it (without the bank borrowing it from another bank) is if the bank has all of the money sitting in a vault doing nothing. |
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