Description
Read the following two statements about capital and discuss what is right or wrong with what is being said.“Capital is the stable money banks sit on… Think of it as an expanded rainy day fund.” (“A piece-by-piece guide to new financial overhaul law,” AP July 21, 2010).“Every dollar of capital is one less dollar working in the economy” (Steve Bartlett, Financial Services Roundtable, reported by Floyd Norris in “A Baby Step Toward Rules on Bank Risk,” New York Times, Sep. 17, 2010).
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