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<p>[QUOTE=&quot;justafarmer, post: 1311659, member: 3926&quot;]I know what fractional reserve banking is</p><p>But</p><p>If all my dollars held in deposit by a bank are FRNs and all your dollars held in deposit by a bank are FRNs and all dollars of all customers held in deposits by all banks are FRNs (as fatima claims) then there can&#039;t be any fractional derivative dollars because FRNs are not fractional they are 100% whole dollars. I mean come on - what is it that a bank&#039;s reserve consist of - FRNs?[/QUOTE]</p><p><br /></p>

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