I did say I did not account for tax.
Also the bank wants your $20 so they can make the M. Not only that, your $20 is lent out and becomes an asset. Keeping say 10% in reserve they can then lend out another $18 that also then becomes an asset and so on.
- Forums
- ASX - General
- i'm a young, new investor, looking for advice
i'm a young, new investor, looking for advice, page-26
-
- There are more pages in this discussion • 35 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)