3-6-3 Slang used to refer to an "unofficial rule" under which the banking industry once operated, which alludes to it being noncompetitive and simplistic.
The 3-6-3 rule describes how bankers would give 3% interest on depositors' accounts, lend the depositors money at 6% interest and then be playing golf at 3 pm. This alludes to how a bank's only form of business is lending out money at a higher rate than what it is paying out to its depositors.
The 3-6-3 rule describes how bankers would give 3% interest on depositors' accounts, lend the depositors money at 6% interest and then be playing golf at 3 pm. This alludes to how a bank's only form of business is lending out money at a higher rate than what it is paying out to its depositors.
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