63 episodes

Videos on how banks work and how money is created.

Banking and Money Khan Academy

    • Business
    • 4.0, 19 Ratings

Videos on how banks work and how money is created.

Customer Reviews

4.0 out of 5
19 Ratings

19 Ratings

Rod From Paris ,

all the basic concepts explained

Thanks !

mistergoes ,

Present Value 1 and 2

Love the simplicity of the videos. Would like to have a pause/rewind function where only want to hear a particular point rather than playing whole video again. Great tool!

M A S T E R ,

Banking

This video does a good representation of how a piggy bank works. It fails to mention that is not how most banks work. Banks never lend out their depositors' money. Never ever.

Where did the people get this money from to deposit in the bank? It had to be created from somewhere. It does no answer the creation of a dollar.

A proof that most banks are not piggy banks:

If you were to take all of the debts in your city, or town. All of the Municipal Bonds, the Corporate Bonds, Business Loans, Personal Mortgages, Credit Cards, etc. All the money that is owed is ALWAYS more than the deposits within the bank.

Piggy banks, for the most part, do not exist because they are a backward funding model that disallows the issuance of new financial credit. New credit needs to be issued, just as they need to be canceled, when production is consumed.

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