Most people do not realize that some banks literally make money by giving loans without having money on deposit. The system is called fractional reserve banking and is used in most economies. It sounds as though it is safe because it says that banks have to keep a fraction of their deposits with the Reserve Bank.
PTELook at the text below. In 35 seconds, you must read this text aloud as naturally and clearly as possible. You have 35 seconds to read aloud.
Recorded Answer
Current status:
Beginning in 35 seconds.