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What is a Bank?
Episode 89

What is a Bank?

Money Lessons with Andrew Temte, PhD, CFA

July 5, 202510m 1s

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Show Notes

In this episode of Saturday Morning Muse, Andy Temte explores the evolution of currency from promissory notes to modern fiat money, emphasizing the role of trust in the value of currency. He introduces the concept of banking, its characteristics, and importance in the economy. Andy also touches on the Great Recession, highlighting the consequences of poor risk management in banking.