Dry Powder: Where to Park Your Cash
Many Happy Returns
Bank of Dave
A bank is taking money off you and I, paying us 3% and lending it out and receiving 6% in interest. But that loan is a five year duration, whereas we can pull our money anytime. And that's one of the functions of banks. So that's one role of a bank that maturity transformation. What other roles does it have? Like what makes it a bank? Making loans is another one. There are other institutions which can do that. You don't necessarily have to have presents on a high street or all the other functions that go with it in order to do that. If you haven't seen it, there's a very good film on Netflix, which is the
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