LIBROS DEL AUTOR: mirelo deugh ausgam valis

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  • Representational Monetary Identity
    Mirelo Deugh Ausgam Valis
    Let us analyze what happens in commercial banking. First, we have a deposit. Then, we have a loan of up to a fraction (of 90%%) of this deposit. Finally, the borrower can deposit the borrowed money into another bank account, in the same bank or not. Suddenly, the trillion dollar question emerges: is the borrowed money in these two bank accounts... the same? On the one hand, the...
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