Representational Monetary Identity - Mirelo Deugh Ausgam Valis - Books - lulu.com - 9781105188671 - October 31, 2011
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Mirelo Deugh Ausgam Valis
Representational Monetary Identity

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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: http://omniequivalence.com/representational-monetary-identity/)

Media Books     Paperback Book   (Book with soft cover and glued back)
Released October 31, 2011
ISBN13 9781105188671
Publishers lulu.com
Pages 60
Dimensions 150 × 220 × 10 mm   ·   99 g
Language English  

See all of Mirelo Deugh Ausgam Valis ( e.g. Paperback Book )