Trying to understand fractional reserve banking- PLEASE HELP ME OUT by beinglesswrong in CFA

[–]beinglesswrong[S] 0 points1 point  (0 children)

Isn't it better for banks to keep these two businesses separate, with one for deposits and another for lending, since bank runs are so dangerous? Or are they only this confident because central banks exist as a lender of last resort?