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    Fractional Reserve Banking

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    Nat Yelverton
    A person deposited �100 and then lent out most of it, keeping a 10% fee each time and lending out the remainder. They lent �90 and kept �10 from the initial �100, then lent �81 and kept �9 of the remaining �90, and continued lending and keeping 10% fees until they had lent out all but �65.51 of the original deposit.

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    Fractional Reserve Banking

    Uploaded by

    Nat Yelverton
    17 views1 page
    A person deposited �100 and then lent out most of it, keeping a 10% fee each time and lending out the remainder. They lent �90 and kept �10 from the initial �100, then lent �81 and kept �9 of the remaining �90, and continued lending and keeping 10% fees until they had lent out all but �65.51 of the original deposit.

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    Fractional Reserve Banking

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    A person deposited �100 and then lent out most of it, keeping a 10% fee each time and lending out the remainder. They lent �90 and kept �10 from the initial �100, then lent �81 and kept �9 of the remaining �90, and continued lending and keeping 10% fees until they had lent out all but �65.51 of the original deposit.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Download as txt, pdf, or txt
    17 views1 page

    Fractional Reserve Banking

    Uploaded by

    Nat Yelverton
    A person deposited �100 and then lent out most of it, keeping a 10% fee each time and lending out the remainder. They lent �90 and kept �10 from the initial �100, then lent �81 and kept �9 of the remaining �90, and continued lending and keeping 10% fees until they had lent out all but �65.51 of the original deposit.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Download as txt, pdf, or txt
    of 1

    Deposit 100

    Lend 90 Keep 10
    Lend 81 Keep 9
    Lend 72.90 Keep 8.10
    Lend 65.51 Keep 7.29

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