What is Fractional Reserve Banking? Fractional reserve banking is a banking system in which banks are required to hold only a fraction of their depositors’ funds in reserve, and are allowed to lend out the rest. The reserve requirement is set by the central bank of a country and is typically a percentage of theContinue reading “Fractional Reserve Banking, Designed To Fail?”
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Ditch Your Bank
When it comes to banking, many people choose traditional banks without considering alternatives like credit unions. While traditional banks are focused on generating profits, credit unions prioritize their members’ financial well-being. One area where credit unions stand out is in the amount of maintenance fees their members pay compared to traditional banks. Traditional banks oftenContinue reading “Ditch Your Bank”
Millennial Money Takes 