The money multiplier theory is one of the biggest myths in economics. Many textbooks claim that banks lend out a fraction of ...

A client of mine, John, called last month asking what he should do with some extra cash sitting at a local bank. I asked what “extra” meant and what he wanted to accomplish. He paused for a moment and ...

Learn what a bank debit is, how it reduces your bank deposits, its significance in bookkeeping, and key examples that ...