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TIP574: Broken Money 1/2 w/ Lyn Alden
We Study Billionaires - The Investor’s Podcast Network
The Importance of Probability in Banking
Full reserve banking, also known as duration matching banking, ensures that if a person deposits money in a bank with the right to withdraw it at any time, the bank must have that money available. On the flip side, if someone buys a certificate of deposit and locks up their money for two years, the bank can use that money to make loans with durations of two years or less, matching their liabilities and assets.
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