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RBS Environmental Deposit Growth Plan 1 Trust Application Form

RBS Environmental Deposit Growth Plan 1 Trust Application Form

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Instructions and help about da form 5988 e example

so if you deposit ten thousand dollars into the bank the bank sets aside ten percent or one thousand dollars and then loans out the rest of your money the way it works is say another person comes into the bank and asks for a car loan of nine thousand dollars at this moment the bank loans out the nine thousand dollars from your original deposit it isn't there anymore the borrower then pays the person selling the car and they go deposit the money into another bank which is part of the same Central banking system [Music] this nine thousand dollars is treated as a new deposit and the process continues the money gets redeposited and reloaned until the initial deposit of ten thousand dollars becomes one hundred thousand dollars [Music] the banking system just created ninety thousand dollars by loaning out your money

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