Money

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DAY 20 – MONEY 2 – DOUGLAS SHAW

Tackling South African Banking malpractices There are problems in the banking system due to banking malpractices. Most banks borrow short and lend long. If there is a run on the bank and people want their money, but the bank has lent it out on mortgages, then it will not have the cash to return to […]

DAY 20 – MONEY – DOUGLAS SHAW

Tackling South African Banking Malpractices In order to understand banking malpractices we have to know what money is. If someone has a big house does this mean that tney necessarily have money? No – because money is not wealth and his wealth might not be reflected in the amount of cash he has on hand. […]