Do you want BuboFlash to help you learning these things? Or do you want to add or correct something? Click here to log in or create user.



#economics #money
you can only have cash in the bank if somebody somewhere owes the bank money
If you want to change selection, open document below and click on "Move attachment"

Mark Wadsworth: Banking made easy
outlined in para 7 to 9 above as 'printing money', which it is - but the problem is that people don't realise what money is, namely the physical or electronic record of who owes whom how much; 'money' is a liability as much as it is an asset; <span>you can only have cash in the bank if somebody somewhere owes the bank money.12. As a final thought: the Basel capital requirement rules (see para 4 and 5 above) are of very limited use in preventing credit bubbles. All the banks would have to do is tell the ven


Summary

statusnot read reprioritisations
last reprioritisation on suggested re-reading day
started reading on finished reading on

Details


Discussion

Do you want to join discussion? Click here to log in or create user.