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Retrieved on: 2017-12-03 21:07:30
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<div>The bank uses the original Rs100 and multiplies it to let's say Rs3,333. This process of loaning out more money than the bank has as cash on hand is known as fractional reserve banking. Retail banks everywhere create money out of thin air, <b>virtual money</b> essentially, to lend to people and earn interest ...</div>
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