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After one of the previous banking videos, I got a comment: If everyone puts gold in the banks, what can they used to transact, or to buy food, or to pay for services, et cetera? And that is an excellent segue into the notion of a bank note. Youve probably heard the word before, maybe in some you Charles Dickens novel or something, but were going to find out in this video its actually a much more familiar concept than you ever realized, and you probably have some of these bank notes in your wallet as we speak. Lets go back to our example. I have the Bank of Sal. I use 100 gold pieces. Thats my equity. Let me draw that. And I use that to build a building. So the 100 gold pieces actually go to the builders and theyre from out of town, so theyre not going to deposit it back with me. So thats my building. I dont know if you can see that. Its a little picture of a building. And all of the villagers in my city, they come and deposit their gold with me, because my building looks v