it faces no near-term threat to its survival
Sure.... tick, tick, tick.
investors have a tough task assessing the true value of the bank.
Zero!
>it faces no near-term threat to its survival
Sure.... tick, tick, tick.
>investors have a tough task assessing the true value of the bank.
Zero!
Well, they lend money which is backed by the reserve ratio of 0/1. Everyone knows not to divide by 0.
Well, they lend money which is backed by the reserve ratio of 0/1. Everyone knows not to divide by 0.
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