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About the Book

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/

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Product Details
  • ISBN-13: 9781105188671
  • Publisher: Lulu.com
  • Publisher Imprint: Lulu.com
  • Height: 229 mm
  • No of Pages: 60
  • Series Title: English
  • Weight: 100 gr
  • ISBN-10: 1105188671
  • Publisher Date: 24 Jan 2014
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Spine Width: 4 mm
  • Width: 152 mm

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