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Banks aren't what you think they are which has become a huge, huge problem.

Eurodollar University

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What Happened Next When You Write a Check?

The banking system evolved as society evolved away from physical uses of cash. In the early 20th century, by that time, the non-cash payment system had become the world's largest payment system. For most situations, there was no longer a need to make long distance payments by drawing or purchasing a bill of exchange or bankers' draft.

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