Buy One, Get One 50% Off Our Monthly Picks!
Shop Now
Representational Monetary Identity

Representational Monetary Identity

by Mirelo Deugh Ausgam Valis


Choose Expedited Shipping at checkout for delivery by Friday, May 27


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 answer is yes: all borrowed money came from the original deposit---so it is that same original money. On the other hand, the answer is no: all money deposited into the borrower's account possibly stays in the original depositor's account---so it is not that same original money. How can that be? (Digital version:

Related collections and offers

Product Details

ISBN-13: 9781105188671
Publication date: 01/24/2014
Pages: 60
Product dimensions: 6.00(w) x 9.00(h) x 0.14(d)

Customer Reviews