How come nothing ever goes through on like a balance sheet when online banking over the weekend? It always updates on Monday it seems like. What’s that all about?
In: Economics
this is how a bank work.
imagine this. you send your friend 10$. on a friday. money is removed from your account instantly, popps up on your friends account on monday.
these are 3 days where the bank can do whatever they want with your money.
given the fact there are a shitton of people on earth, imagine its not only 10$
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