GlobalWealth
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Being a bank seems like a Fastlane business.
Without having a bank charter, it would be impossible to generate the same level of profits. Banks leverage as much as tenfold on their deposits due to the fractional reserve banking system.
Here is a simplistic example:
Consumer deposits $10,000 into his account at a commercial bank.
The commercial bank now has the ability to lend out $100,000.
They pay you 2%, which equals $200 per year.
They collect 5%, which equals $5,000 per year.
Not a bad spread.
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