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Customers Of Crypto Billionaires Winklevoss Gemini Plead For Lost Funds
It has eliminated its excess reserves by issuing the loan for $900; Acme is now loaned up. Notice also that from Acme’s point of view, it has not created any money! It merely took in a $1,000 deposit and emerged from the process with $1,000 in additional checkable deposits. Presumably, the customer who borrowed the […]