in modern banks money is just a number in a database, right? What stops the bank owners from just adding an amount to a saldo of an account?

Question

in modern banks money is just a number in a database, right? What stops the bank owners from just adding an amount to a saldo of an account?

In: Technology

Answer 1

Checks, balances, and the fact that a bank is only valuable if it’s trustworthy. It’s in their own interest to keep very rigorous track of everything, and severe punishments for screwing it up.